Guatemala Allocates $ 113 Million in Bonds
The Ministry of Finance issued $ 10.5 million in dollar-denominated securities and $ 103 million in Quetzales (Q802 million).
Friday, February 18, 2011
Most of the placement was made at 12 and 15 years, $ 66 million and $ 16 million, respectively, paying interest of 8.8% and 9% respectively in Quetzales.
The treasury has issued 2% less bonds than planned, due to poor investor appetite for these securities.
After the first auction, the finance ministry issued just $48 million in bonds, even though domestic investors demanded $308 million.
On December 12th the Ministry of Finance expects to place in the domestic market the remaining 30% of the issue approved in order to finance the 2015 budget.
The Nicaraguan Treasury announced it will issue $5 million bonds in the local market on March 10th.
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