The resources obtained through sale of debt will be used to pay part of the debts generated with the entity's suppliers during the years 2014 and 2015, as authorized in the approved budget for 2017.

"... A financial report by the National Electricity Company reveals that debt payable to suppliers, mainly to private generators, is L9,645 million as of August 31 2016. "

"... The bond issue will be used to finance liabilities to power suppliers for fiscal years 2014 and 2015, which may be paid in national currency, in dollars. "

Source: laprensahn.com

More on this topic

Treasury Bonds: Plans for 2020

January 2020

For this year, the government of Guatemala plans to issue an amount equivalent to $2.392 million, which includes new issues and titles that will expire soon and will be awarded again.

According to information from the Directorate of Public Credit, an entity of the Ministry of Finance (Minfin), during 2020 new issues will reach $ 1.845 million and collections or roll over, titles that expire but will be re-issued in the market, will be of $547 million.

El Salvador to Issue $550 million

November 2016

The government and the opposition have agreed to approve in the first instance an issue of $550 million, not $1.2 billion as claimed by the administration of Sanchez Ceren.

Although the government insists that there is a need is to issue $1.2 billion to cover short - term debts and solve the liquidity problem it is facing, this first agreement to issue $550 million will serve to "... pay for the electricity subsidy for FODES and the mayoral districts."

Guatemala to Issue Bonds for $110 million

December 2014

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.

70% of the treasury bonds that Congress passed have already been awarded, and on December 12th it is expect that the remaining 30%, ie $110 million will be auctioned in the local market.

Costa Rica: State Run Electricity Company Issues Bonds for $19 million

December 2014

On December 17th the Instituto Costarricense de Electricidad will issue bonds in local currency equivalent to $18.7 million with a ten-year term and a net after-tax rate of 9,338%.

The resources obtained through the issuance of bonds of the F3 series maturing in 2023 will be invested in projects for geothermal and hydroelectric generation, maintenance and improvement of operating plants, power distribution and transmission works.