Example of Regional Market Integration

The BCIE has released $67 million simultaneously onto stock markets in Costa Rica, Panama and El Salvador.

Monday, August 29, 2011

Reflecting what can be achieved in terms of volume and attracting international investment, the American Economic Integration Bank has issued bonds in three stock exchanges simultaneously.

Investors came from all three countries, with Costa Rica being the market where the most bonds were placed, $31.6 million, followed by El Salvador with $22 million, and Panama, where $14 million were sold.

An article in Prensa.con notes that "the time period for the bonds is 10 years with an incremental interest rate and maturation date of August 29, 2021."

More on this topic

CABEI Issues $500 Million in Bonds

September 2009

The Central American Bank for Economic Integration will use the funds for credit operations.

The bonds were sold in the U.S. capital market, and will pay biannual coupons on the 24th of March and September, beginning on 2010. At a 100% price, the coupon is 5.375%, and expires on 2014.

Pressure on BCIE for Resolving Honduras Situation

August 2009

The Honduran government asked the Central American Economic Integration Bank to quickly and favorably resolve the financial relationship, suspended after Zelaya's deposition.

Warning that "a long time has gone by without a decision by BCIE", Honduran Finance Ministry Gabriela Núñez insisted that if the Central American Economic Integration Bank (BCIE) does not resume its normal relationship by giving out loans already scheduled and others under study, Honduras may resign from the financial entity.

Nick Rischbieth is the new BCIE president

November 2008

Honduran Nick Rischbieth has been chosen to be the new executive president of the Central American Bank for Economic Integration.

Rischbieth, who will take over on December 1, will replace Nicaraguan Harry Brautigam, who died in an airplane accident in the Honduran capital in May, as the head of the Central American institution.

Regional bank to back Costa Rica airport plan

May 2008

The Central American Bank for Economic Integration (BCIE) is to finance the modernization of Costa Rica's Juan Santamaría airport.

BCIE is backing the consortium that aims to take over the airport's operations from Alterra. The consortium, led by Houston Airport System (HAS) has yet to make a formal offer for Alterra, a Bechtel unit.

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