Panamanian Stock Market up 27 %

Up to September 30th the Panamanian stock market reported $2.433 billion in new registrations, while in the same period of 2012 there were $1.913 billion.

Tuesday, October 8, 2013

According to the Superintendency of the Securities Market (SMV ) , the main registrations were the $650 million in corporate bonds issued by Tocumen International Airport SA to finance the expansion of the airport and the mortgage bonds issued by Global Bank Corporation in the amount of $500 million.

Prensa.com reports: "The current demand for the services of fixed term shares ​​is also evidenced by the $1.1 billion in registrations still being processed by the SMV and which contains a corporate bond for $470 million by AES Changuinola SA , plus $145 million in corporate bonds from Lion Hill Capital ". Last year , the amount for pending registrations was $627 million .

In addition, two new securities houses joined the financial center (Julius Baer Investments and ES Bank Panama ) . Added to these are CHF Advisors, a new financial adviser , 64 brokerage houses and 33 chief executives.



More on this topic

Panama: Increase in Emissions on Stock Market

September 2016

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

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.

AES Changuinola Issues Bonds for $420 million

November 2013

It is the biggest issue in Panama within the private sector authorized by the Superintendency of Securities of Panama for $470 million in total.

The General Bank was the structuring firm and main buyer of the bonds, the first two series were placed at interest rates of 6.25% and 6.75%.

Panama's Current Capital Market

July 2013

During the first six months of 2013 companies issued $637 million in corporate debt, a slower pace than 2012, as $3.07 billion was issued in the entirety of last year.

However it is expected that in the second half of 2013 emissions will increase to $1.694 billion, which would still represent a decline of 45% compared to 2012.

Panama: In 2013 There Will be $1.5 billion in Issued Securities

May 2013

With the industrial sector leading the way, Panamanian companies are increasingly going to the local stock market for their financing.

"According to the registry of the Superintendency of Securities Market (SMV), up to early May there were $440 million in securities belonging to different companies, and another $1.033 billion were in the process of being registered," noted an article in Laestrella.com.pa.

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