Panama: Increase in Emissions on Stock Market

Between January and June registrations of securities issues amounted to $4.2 billion, up from the $2.944 billion recorded in 2015.

Wednesday, September 7, 2016

If the number of new issues registered with the Panamanian Stock Exchange continues to grow as it did in the first half of the year, the figure at the end of 2016 will be the highest in historical terms, surpassing the record of 2013, when $3.579 billion was recorded.

Marelissa Quintero, chief of the Superintendency of Securities (SMV), told that "... 'the level registered is going at a good pace this year', but she said that not everything that is recorded is actually issued in the market in the end."

Yolanda Real, director of Emissions at the SMV, explained that "... by sector, the highest total amount of emissions corresponds to the participation shares of investment companies."However, the financial sector as a whole stands out as having a greater amount of registration in 2016, led by banks who came to the market to obtain resources, some to meet capital adequacy and others for working capital'."

Among the issues registered this year is $250 million by Global Bank, Banco Prival, with $100 million, La Hipotecaria, with another $100 million and the Corporation Finance Country, with two issues which together total $80 million.

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