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

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

Monday, May 19, 2014

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. and Generadora Alto Valle, S.A

"The new issue of Corporate Bonds ... and the first issue ... will mirror each other and share the same security trust, to which all of the assets of the other three operating companies of the group will be provided, namely Generadora Pedregalito S.A., Generadora Río Chico S.A. and Generadora Alto Valle S.A ... the bonds ... are backed by the general credit of the issuer and secured by a guarantee trust, ... with the trustee of Panama Power Holdings, Inc. "

More on this topic

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.

Hydroelectric Station to Issue Bonds for $90 million

September 2014

The subsidiary company of Panamá Power, operator of the hydroelectric El Alto, is seeking financing through a six year term bonds placement in the Panamanian stock market.

Hydro Caisán published on the website of the Stock Exchange of Panama the preliminary prospectus of the issue, which details the characteristics of the placement and the uses for the $90 million it seeks to raise.

Panama: Six companies prepare stocks and bonds issuances for $800 million

July 2014

Six companies will issue corporate bonds and stocks with terms of 3 to 28 years, with interest rates of up to 12.5%. reports that of the issuances that are being prepared in the Panama Stock Exchange, "... the biggest will be by Banco Internacional de Costa Rica, S.A., with rotating corporate bonds for 200 million dollars with 3 or 7 year terms at a rate yet to be defined. "

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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