Bicsa Securities Traded in El Salvador Stock Exchange
Banco Internacional de Costa Rica traded in the secondary market of El Salvador a total of $ 5 million Series F bonds.
Wednesday, January 26, 2011
"The series will pay a fixed interest rate of 4.50% 5-year term, with interest payments on a quarterly basis and principal due at maturity. The issue received a risk rating of AA (slv) by Fitch and AA-(slv) by Equilibrium." published Elsalvador.com.
It is difficult to understand - especially because it has been made public - how a major state bank has described the International Bank of Costa Rica as "high risk" while another main state bank has stated the opposite.
Stock exchanges strengthen capital markets and encourage countries' financial and economic development.
The growth in turnover for 2011 is the result of investment incentive strategies in the stock market and the operation of new mechanisms such as trusts.
Banco Internacional de Costa Rica (Bicsa) aims to open a branch in Nicaragua and an office in Panama by the end of this year.
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