El Salvador: $10 million Bond Issue

The Central Reserve Bank will issue $10 million in bonds with maturities of 2 and 3 years, with 180-day Libor interest rates for both series.

Tuesday, September 26, 2017

The auction will take place on September 27 and the presentation of bids is scheduled for 9 am. The liquidation will take place on September 29.  

The Central Bank stated that this issue will be offered through an auction via the Electronic Trading System of the Salvadoran Stock Exchange (www.bves.com.sv). The coupon rate will be re-adjustable every six months based on the 180-day LIBOR rate, as reported by the Benchmark Administration (ICE) on the coupon start day.  

The first coupon will be determined on the day of issue.  The interest will be payable semiannually on the CURRENT / CURRENT basis and the principal will be amortized with a single payment at maturity, the nominal value and yields will not incur Income Tax.  

See more information on the issue.

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