Increases in Private Issues on El Salvador Stock Exchange

The primary market grew by 37% and secondary by 34% in comparison to 2011.

Monday, December 17, 2012

"The stock exchange has driven growth in the primary, secondary and international markets, since these are the markets that strengthen the purpose of the exchange, which is to channel resources from investors to the productive projects", said Rolando Duarte, chairman of the Exchange.

Bond issues have been made both by private companies and public entities. The primary market grew by 37% and the secondary by 34% compared to 2011.

According to an article in capital.com.pa, among the most prominent operations was the securitization by Royal Decameron Group, which managed to raise $42.3 million. La Hipotecaria, meanwhile, received $38.5 million, while Banco Agrícola received $30.9 million this year; CrediQ, $26.1 million and Scotiabank, $17.5 million, among others.

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