lawyermonthly 1100x100 oct2024eb sj lawyermonthly 800x90 dalyblack (1)

Banco Industrial Raises $195 Million in Guatemala

Reading Time:
< 1
 minutes
Posted: 31st May 2022 by
Lawyer Monthly
Share this article

Mayora & Mayora, S.C. in Guatemala advised Banco Industrial, S.A. on an issuance from its diversified payments rights (DPR) securitisation program.

The $195 million Series 2022-1 fixed rate notes were issued by Industrial DPR Funding, the program’s special purpose company issuer. Wells Fargo acted as the placement agent, Intertrust as the SPC administrator, The Bank of New York Mellon as the trustee, and Fitch Ratings as the rating agency.

Mayora & Mayora advised Banco Industrial, S.A. with a team including partners Claudia Pereira, on the Banking and Finance aspects, and Eduardo Mayora A. on the tax aspects. Hogan Lovells acted as counsel to Banco Industrial, S.A. for the U.S. Advising the placement agent were Mayer Brown in the U.S. and Consortium Legal in Guatemala. Walkers Global was the counsel in the Cayman Islands and Emmet Marvin & Martin was the counsel to the trustee.

Sign up to our newsletter for the latest Deals Updates
Subscribe to Lawyer Monthly Magazine Today to receive all of the latest news from the world of Law.

About Lawyer Monthly

Lawyer Monthly is a news website and monthly legal publication with content that is entirely defined by the significant legal news from around the world.