Banco Industrial S.A.’s US$135 Million Series 2022-2 Fixed Rate Notes Offer

Hogan Lovells and Mayora & Mayora S.C. in Guatemala advised Banco Industrial S.A. on the deal.

Banco Industrial S.A. made an issuance from its diversified payments rights (DPR) securitization program. The US$135 million Series 2022-2 Fixed Rate Notes were issued by Industrial DPR Funding Ltd., the program’s special purpose company issuer.

Guatemala’s largest bank Banco Industrial offers a wide range of banking products and services through a network of 240 branches, more than 300 ATMs, and some 1,400 service points nationwide. Banco Industrial operates as a subsidiary of Bicapital Corp. The bank was founded in 1968 and is headquartered in Guatemala City.

The Hogan Lovells team was led by New York capital markets partner Emil Arca (Picture), associate Lauren Kimmel and law clerk Zachary Suggs. 

Involved fees earner: Emil Arca – Hogan Lovells; Lauren Kimmel – Hogan Lovells;

Law Firms: Hogan Lovells;

Clients: Banco Indusval S.A.;

Giulia Di Palma

Author: Giulia Di Palma