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

Six companies will issue corporate bonds and stocks with terms of 3 to 28 years, with interest rates of up to 12.5%.  

Monday, July 7, 2014

Laestrella.com.pa 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. "

"... They are followed by Hrydro Caisán, SA and the Unión Nacional de Empresas, S.A, with securities valued at 90 million each. In the case of Hrydro Caisán, SA corporate bonds will be issued with 7 year temrs, and Unión Nacional de Empresas, S.A will issue common type 'B' shares."

"... .Inmobiliaria Cervelló, S.A., meanwhile, will issue corporate bonds worth $84.5 million, with a senior rate of 6% ​​range in the first five years and Libor 6M +4% in the sixth year onwards, as well as a subordinated range of 12.5% . The bonds have a term of 12 years in the senior series and another subordinated series for the next 25 years."



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Challenge Consulting Group S. A.

Consulting firm especialized in financial and securities ehchange markets in Latinamerica
Operates in Panama
Phone: (507) 6729 5697

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