NEW YORK, Aug 4 (IFR) - The Republic of Paraguay has set
official price guidance of 6.125% to 6.250% on its upcoming
issue of a new 30-year US dollar-denominated bond, according to
The sovereign, rated Ba2/BB/BB-, had set initial price
thoughts at 6.375% area for the issue, which is expected to be
benchmark-sized and price later on Monday.
Paraguay will use proceeds to finance infrastructure and
energy projects as well as to provide support for certain
sectors of the economy.
Bank of America Merrill Lynch and JP Morgan are the lead
managers on the 144A/Reg S transaction.
(Reporting by Davide Scigliuzzo; Editing by Marc Carnegie)