More Private Issues in Panama Stock Exchange

17 issues for $958 million, mostly in corporate bonds, are in line waiting to be authorized by the National Stock Exchange.

Monday, September 14, 2015

Of the total amount expected to be approved for issuance on the stock market, $100 million correspond to an issue of corporate bonds planned to be made in tracts, by the bank Banesco.

Of the $100 million that the bank plans to issue "... in perpetual subordinated corporate bonds, $60 million will be for growth and $40 million to buy back some preferred shares it has in circulation." reports that "... Banvivienda apparently will also be resorting to the market. According to the prospectus, they will be looking to the stock market for US $100 million through corporate bonds, divided into three series, A, B and C, the first for US $30 million and the other two for US $35 million. The maturities are 3, 4 and 5 years, respectively. Funds from the issue will be used by Banvivienda mainly to support portfolio growth and diversification of funding sources. "

More on this topic

El Salvador: $10 million in Corporate Bonds

June 2015

On June 5th the Development Bank of El Salvador will auction on the stock exchange $10 million in commercial papers with a maturity of one year.

From a statement issued by the Stock Exchange of El Salvador (BVES):

Issue Date: June 5, 2015 9:15:00 am

Panama: Securities Issuer Suspended

September 2014

For "breaching the obligations of the issuer" the Stock Exchange has suspended indefinitely trading bonds and VNC's by the financial company La Generosa.

From a statement issued by the Panama Stock Exchange:

"... We wish to inform the public that, in addition to the suspension of trading of corporate bonds by Finanzas y Créditos del Hogar, S.A., for $ 4 million, effective yesterday, the stock market in Panama has decided to suspend from today and indefinitely, negotiation of corporate bonds and commercial negotiation values ​​(VCN's) by the issuer listed on the Exchange.

Panama: El Alto Hydroelectricity Station to Issue $90 million in Bonds

May 2014

Hydro Caisán requested permission for its second corporate bond issue which it aims to use to restructure liabilities.

After having completely placed a $130 million bond issue in 2012, the company Hydro Caisán, SA has asked the Superintendency of Securities (VPS) for approval for a new issue of up to $90 million, with the aim of paying off in advance the existing bonds of Generadora Pedregalito, S.A.

Panama: $487 million in Corporate Bonds

May 2012

Companies in the real estate, energy and finance sectors, up to May 2012, have been working towards raising capital through the Panama Stock Exchange.

Inmobiliaria Don Antonio (commercial sector, $100 million), Hydro CAISAN (energy) and Allied Factoring (finance, $50 million) are at the top of the list of issuers that have registered deals with the Superintendency of Securities of Panama, which added together total $280 million in corporate bonds.

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