Guatemala: "Stock Market" Financing for Companies

The National Stock Exchange will implement a system of mass placement of securities in order to encourage the registration of emissions from private companies and the arrival of more investors.

Tuesday, September 9, 2014

The strategy will focus on standardizing the securities that are issued in the primary market so that they can then be traded in the secondary market and in this way give them greater marketability and encourage the participation of more investors.

Rolando San Román, general manager of the National Stock Exchange (BVN by its initials in Spanish) explained to Prensalibre.com that "... it is important that as well as securities having similar characteristics in order to be easily interchangeable, it is vital to market them and advertise them, as you would do for any product in the goods and products market ... with the strategy, as well as expanding the current base of investors, companies who can no longer get finance through the banking system will have new opportunities. "



More on this topic

Dynamism of Guatemala Stock Exchange

February 2014

In 2013 $334 million were traded in the primary market in bond debt securities issued by Guatemalan companies.

Figures from the National Stock Exchange (BVN) reveal that during 2013 $334 million worth of bonds were traded. Of that total, 25% were in dollar bonds, the rest were denominated in quetzals.

Guatemala: Tax on Interests from Sovereign Bonds Eliminated

January 2014

Holders of government bonds will no longer pay 10% tax on the returns generated.

This was established after the reform of the Budget Code of Guatemala, which regulates share certificates ​​of the Republic.

"The tax was an obstacle to developing the secondary market because banks, which are major holders of these securities, could not sell to individuals, because rather than making money they could lose them some," said Rolando San Román , general manager of the National Stock Exchange (BVN).

Guatemala: Private Debt Issuances Growing

February 2013

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."

Guatemalan Securities Receive ISIN and CFI Codes

November 2010

The National Stock Exchange was designated to issue ISIN codes (Securities Identification Number) and CFI (Classification of Financial Instruments).

Notes and shares issued by local companies will now be visible for global investors after the country obtained an international identification code for securities.

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