Guatemala’s $500 Million Notes Offering


Cuestas PPQ, Milbank, Consortium Legal and Shearman & Sterling have advised on the transaction

Republic of Guatemala completed its $500 million 144A/Regulation S bond offering of 4.375% senior notes due 2027.

Ctigroup Global Markets Inc. acted as sole lead manager and bookrunner.

Milbank advised the Republic of Guatemala with a team led by Capital Markets partner Marcelo Mottesi along with associate Andres Osornio and international attorney Claudia Paniague.

In Guatemala, Cuestas PPQ Abogados advised the Republic of Guatemala with Rodrigo Quevedo Castellanos.

Shearman & Sterling represented Citigroup Global Markets Inc. with a team including Manuel Orillac (Picture) (New York-Capital Markets); associate Flavio Averbug (New York-Capital Markets); and visiting attorney Alesandra Azcarate (New York-Capital Markets).

In Guatemala Consortium Legal represented Citigroup Global Markets Inc. with Álvaro Rodrigo Castellanos Howell and Diego Alejos Rivera.

Involved fees earner: Rodrigo Quevedo Castellanos – Cuestas PPQ ; Alvaro Rodrigo Castellanos Howell – Consortium – Legal; Diego Alejos Rivera – Consortium – Legal; Marcelo Mottesi – Milbank; Andres Osornio Ocaranza – Milbank; Manuel Orillac – Shearman & Sterling; Flavio Averbug – Shearman & Sterling;

Law Firms: Cuestas PPQ ; Consortium – Legal; Milbank; Shearman & Sterling;

Clients: Citigroup Global Markets Ltd; Republic of Guatemala;

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Author: Ambrogio Visconti.