El Salvador Issues $ 653 Million in Bonds

The Salvadoran government placed $ 653 million in bonds in the international market on January 25 .

Wednesday, January 26, 2011

The acquisition was announced at 9:30 am local time (10:30 New York time) and three hours later, demand had reached $ 1,628.9 million, more than double the amount offered by El Salvador, reflecting the strong international interest in acquiring the Salvadorans bonds.

The issuance had positive acceptance with more than 90 investors, mainly from Europe and the United States.

The operation was closed with an interest rate of 7.625%, one of the lowest in the last decade for a 30 year term. It was the high demand which allowed the rate of 7.75% to drop to 7.625%, favorable to Salvadoran interests.

More on this topic

Costa Rica Issues $1 billion at 7.15%

March 2015

The deterioration of public finances has forced the offering of a yield of 7.15% at 30 years, 4.44% above the US Treasury bond rate for the same time time period, with offers received for $3.5 billion.

From a statement issued by the Ministry of Finance of Costa Rica:

The Government of the Republic has issued securities in the international financial market worth $1 billion with a 30-year term and a rate of 7,158% a year.

El Salvador Sells $200 Million in Bonds

June 2010

The operation, conducted in the local market, will help finance the country’s “Program for Supporting Social Policies”.

The 15-year securities will pay an interest rate of 6.7%, informed the treasury ministry.

“According to the institution, the issue was mostly bought by ‘small, individual investors’, who acquired the bonds through stock brokers; other purchasers were Retirement Funds”, reported Elsalvador.com.

Costa Rica Places 12 and 30 year Eurobonds

April 2013

The interest rates on these bonds will be 4.5% for 12 years and 5.75% for 30 years.

The new issue of external debt bonds to be released by the Ministry of Finance this year will mature in 2025 and 2043.

As required by law, the maximum amount of the issue will be $1 billion.

Costa Rica Prepares New International Debt Issuance

March 2014

The government is working on a bond issue in the international market for $1 billion, with terms of between 10 and 30 years.

The bond issue was structured by the Bank of America, Merrill Lynch and Deutsche Bank according to information provided by Jordi Prat, Deputy Minister of Investment and Public Credit.

 close (x)

Receive more news about Debt Market

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Costa Rica Coffee Farm and Development Property

Sustainable 70 Acre Coffee Farm, San Ramon, Costa Rica Coffee Estate, development property with 20 titled lots, ready to develop with roads, water and power. Great Location, close to everything.
Ideal area for living or developing an ecologically...

Stock Indexes

(Jan 24)
Dow Jones
0.33%
S&P 500
0.32%
Nasdaq
0.34%

Commodities

(Jan 24)
Brent Crude Oil
56.160
Coffee "C"
157.45
Gold
1,212
Silver
17.165