Guatemala: Private Debt Issuances Growing

In 2012 the market for corporate debt had $262 million in circulation which is a 20.20% increase compared with 2011.

Thursday, February 7, 2013 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."

Transactions made through the National Stock Exchange (BVN) show that 20 companies use this system and 32 emissions of securities were recorded.

Karen Gándara, manager of the brokerage firm Mercado de Transacciones, of Grupo Financiero BI, explained that emissions are debt securities that are the most traded due to the fact that the stock market is still developing.

She added that one of the big advantages is that companies can diversify their funding sources and not have them concentrated in a single bank.

More on this topic

State-owned Electrical Plant Issues $75 Million in Debt

May 2019

Empresa de Transmisión Eléctrica de Panamá issued seven-year local market debt securities with a 3.85% interest rate.

Empresa de Transmisión Eléctrica S.A. (ETESA) made its first issue of corporate bonds in the Stock Market of Panama, for the sum of seventy-five million dollars ($75 million) to be used to finance investment projects included in the Expansion Plan of the National Interconnected System (PESIN) of 2018, said the institution in a statement.

Electric Company to Issue $300 Million

January 2019

Aiming to settle outstanding debts and finance part of the Electric Expansion Plan, in Panama Etesa will issue rotating bonds in the local market for up to $300 million, with a term of no more than ten years.

The issue has already been approved by the Board of Directors of Empresa de Transmisión Eléctrica S.A.

Panamanian Stock Market Linked to International Markets

April 2014

The connection to the global capital market will allow for diversification of the sources of financing for local businesses and access to a broader investor base.

The agreement signed between the Panama Stock Exchange, Euroclear Bank and Central Latinoamericana de Valores will provide a direct link to international financial markets.

Costa Rican Bank will place Bonds in Central America  

January 2014

Banco Popular in Costa Rica plans to register bond issues in the financial markets of El Salvador, Panama and Nicaragua.

Pension funds in El Salvador and institutional investors in Nicaragua are the target for Banco Popular from Costa Rica, who plans to start three programs of issuances of debt worth $50 million.

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