Lafise BanCentro Issues $60 million in debt

In the next two years the banking group will issue $20 million on the Nicaraguan Stock Exchange in terms of less than one year and $40 million in terms of three to five years.

Wednesday, October 12, 2016

The issuance registered on the Nicaraguan stock market will be issued with terms of 24 months, in commercial paper and standardized bonds. The program consists of two series: Series A , with a term of up to 360 days (revolving) and Serie B, with terms of three to five years.   

Series A is for $20 million and Series B for $40 million, according to the prospectus submitted to the Stock Exchange of Nicaragua.

See  investment prospectus (In Spanish)

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

State-owned Electrical Plant Issues $75 Million in Debt

May 2019

Empresa de Transmisión Eléctrica de Panamá issued seven-year local market debt securities with a 3.85% interest rate.

Empresa de Transmisión Eléctrica S.A. (ETESA) made its first issue of corporate bonds in the Stock Market of Panama, for the sum of seventy-five million dollars ($75 million) to be used to finance investment projects included in the Expansion Plan of the National Interconnected System (PESIN) of 2018, said the institution in a statement.

Costa Rican Bank will place Bonds in Central America  

January 2014

Banco Popular in Costa Rica plans to register bond issues in the financial markets of El Salvador, Panama and Nicaragua.

Pension funds in El Salvador and institutional investors in Nicaragua are the target for Banco Popular from Costa Rica, who plans to start three programs of issuances of debt worth $50 million.

Banco Nacional Explores Issuing Bonds on International Market

September 2013

The entity is attracted by low prices and the long time frames in the global financial market.

The positive results of other Costa Rican institutions such as Banco de Costa Rica and the Instituto Costarricense de Electricidad have motivated the bank to discuss the possibility of borrowing on the international market.

Guatemala: Private Debt Issuances Growing

February 2013

In 2012 the market for corporate debt had $262 million in circulation which is a 20.20% increase compared with 2011.

Prensalibre.com reports that Rolando San Román, general manager of the National Stock Exchange (BVN by its initials in Spanish), states that "this type of leverage offers better interest rates for companies than is provided by the banking system."

ok