El Salvador Readies $800 Million Issue

Seven investment banks are competing to underwrite next month's issue.

Friday, September 18, 2009

BCR, the central bank of El Salvador, will announce the underwriter next month, while the bonds sale will begin in the second half of October.

Carlos Acevedo, president of BCR, commented: "There is high demand for Salvadoran debt. Investors are eager to purchase bonds from El Salvador; this is good news and a positive signal".

More on this topic

Panama Issues $1.25 billion at 3.75% at 10 years

March 2015

The issue in the international market had demand of 4.6 times and was placed with a coupon of 3.75%, 178 basis points above US Treasury bond for the same timeframe.

From a statement issued by the Government of Panama:

The Republic of Panama today dabbled successfully in international bond markets through the placement of Global Notes Due in 2025 in the amount of $1.25 billion at a yield of 3.889%.

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.

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.

El Salvador Prioritizes National Investors

October 2009

In the next $800 million Eurobond issue, domestic investors will be able to participate in the primary market.

The public offering will be carried out in the Luxembourg Exchange, detailed Carlos Cácers, Treasury Minister.

"In previous offerings, 100% of the issue was immediately bought by investment banks and sold 24 to 48 hours later to individual investors, most of them Salvadorans, with 1%-2% surcharge", explained Cáceres to newspaper Elsalvador.com.

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