Panama: $487 million in Corporate Bonds

Companies in the real estate, energy and finance sectors, up to May 2012, have been working towards raising capital through the Panama Stock Exchange.

Monday, May 21, 2012

Inmobiliaria Don Antonio (commercial sector, $100 million), Hydro CAISAN (energy) and Allied Factoring (finance, $50 million) are at the top of the list of issuers that have registered deals with the Superintendency of Securities of Panama, which added together total $280 million in corporate bonds.

CAISAN Hydro, also known as El Alto Hydroelectric, wants to raise $130 million on the stock exchange for a hydroelectric project in Chiriquí.

The total reported value of corporate bonds already approved by the regulator is $430 million. There are another $55.5 million pending, among which are funds for Generadora Alto Valle, which is expected to have a bond issue approved for $27.5 million, reported Prensa.com.

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