Honduras debuts international bond sale

Honduras sold its first international bond sale raising $500 million, due in 2024, sold at 7.5%, in a deal that was roughly 2.5 times subscribed, according to the Financial Times, citing sources that are familiar with the offering. The day before the bond sale Barclays quit as co-manager of the maiden issue, along with Deutshe Bank, after learning about a pending lawsuit that wasn’t initially included in the sales prospectus.