Costa Rican Bank to Issue $500 million in Panama

The Bank of Costa Rica has received approval to issue bonds and commercial papers in the Panamanian stock market for a total of up to $500 million.

Tuesday, December 19, 2017

At the end of September the Superintendency of the Securities Market of Panama (SMV) issued a resolution authorizing the Costa Rican state bank to issue bonds in dollars for up to $250 million and commercial paper up to the same amount.

See resolution by the SMV. (In Spanish)

Crhoy.com reports that "... 'Both issues of securities (medium-term bonds and short-term commercial paper) are guaranteed by the government and the resources will be used as regular bank funding."   

"... According to Gabriel Alpízar, Treasury manager of the bank, it is an incursion into the international capital markets to raise funds and expand the available funding channels."

More on this topic

Costa Rica: Autopistas del Sol to Issue $374 Million in Bonds

May 2017

The concessionaire of route 27 plans to place up to $374 million in the Costa Rican stock market to repay outstanding balances on a bank loan.

A rating report by Fitch Ratings states that Globalvía, through the issuer Autopistas del Sol, plans to "...

Panama: Increase in Emissions on Stock Market

September 2016

Between January and June registrations of securities issues amounted to $4.2 billion, up from the $2.944 billion recorded in 2015.

If the number of new issues registered with the Panamanian Stock Exchange continues to grow as it did in the first half of the year, the figure at the end of 2016 will be the highest in historical terms, surpassing the record of 2013, when $3.579 billion was recorded.

Costa Rica: $15 million to be Raised from Debt Issue

August 2015

On August 25, 2015 the State refinery will issue bonds in local currency with a 10-year term and a net interest rate of 11% .

From a statement issued by the Costa Rican Oil Refinery (Recope):

Refinadora Costarricense de Petróleo, S.A. (RECOPE) will be holding a securities auction organized by the National Stock Exchange (Bolsa Nacional de Valores S.A), according to the mechanisms established for that purpose by the institution. The auction will be held on Tuesday August 25, 2015 in the amount of ¢8.000.000.000 (eight billion colones) of A5 series bonds belonging to Program A of the Bonds Emission Standards. This Program has been authorized by the Superintendency of Securities by resolution SGV-R-2702 of August 27, 2012.

El Salvador: $5 million in Corporate Bonds

June 2015

The Development Bank of El Salvador will be issuing in the primary market $5 million in commercial papers with five months maturity.

From a statement issued by the Stock Exchange of El Salvador:

Bandesal through the brokerage house Valores Banagrícola, will be selling in the primary market tranche "4" of its securities issuance, according to the following characteristics

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