BCIE issues bonds worth $5.2 million in Honduras
The bonds were auctioned off last Friday on the Central American Stock Exchange which operates in Honduras.
Monday, September 8, 2008
A release from the BCIE (Central American Bank for Economic Intergration) said that the bonds were issued to the main institutional investors in the market, including banks and insurance companies, for a period of 3 years, expiring in 2001, with a variable coupon linked to bills from the Central Bank of Honduras (-0.40%).
According to information supplied by Thompson Reuters confirmed by President Lobo, at this interest rate they received offers worth $2.5 billion, placing only $500 million.
In the first day of the public offering the market demanded $220 million, with $50 million sold after analysis.
The proceeds obtained will be used to replace external with internal debt, via an exchange or payment for the global bond Panama 2015.
In the first three months of 2012 the Government of Costa Rica sold bonds on the Stock Exchange for 420,000 million colones ($828.56 million) and $254 million.
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