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.
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.
Confirmation of the decline in the financial capacity of the construction company has strengthened arguments by those calling for the revision of their contracts and that the firm not be awarded others.
Although equivalent to 85% of GDP, analysts say the portfolio of bank loans to the private sector is at healthy levels and can grow further.
At the end of 2014 bank lending to businesses and households in the country amounted to $46,212.6 million, well above the amount of public sector debt, which closed in 2014 at an amount equivalent to 39.4% of gross domestic product (GDP).
The entity is preparing, for the March 18, to place corporate debt at a 2 year term and a net rate of 5.25%, via auction on the National Stock Exchange.
From a statement issued by FCCA Investment Banking:
On Wednesday March 18 Banco Lafise Costa Rica a member of the prestigious Lafise Group with operations in Central America and the Caribbean, will auction on the National Stock Exchange 10-year bonds for $10 million, at a 5.25% rate, quarterly risk rating (SCR AA-) and (PCR AA).
The Financial company FAMA is to issue $4 million in bonds to be used to increase the microfinance portfolio.
Microfinance in Nicaragua continues to grow and one example is the issuance of $4 million in commercial paper or bonds held by Financiera FAMA in the local market.
In an article Elnuevodiario.com.ni Victor Tellería CEO of FAMA said "this is the first time that the Superintendent has authorized a financial institution specializing in microfinance to do this, here there are two banks that have already released their issue, but this is the first time for a financial institution like us."
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.
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."
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