FMO pitches first Honduran currency-linked offshore note

Dutch development bank FMO, in partnership with The Currency Exchange Fun), has issued the first Honduras Lempira-linked note in the off-shore market for a notional amount of $10 million, with a maturity period of two years.

Bank of America Merrill Lynch was arranger, structurer and distributor of FMO's Honduras Lempira-linked note, while Citibank handled the Georgian Lari and Myanmar Kyatt issuances.