Panama's Debt: Benefits of using Bloomberg

The placement of Panamanian securities through the Bloomberg platform will mean greater exposure to global investors and consequently increased demand.

Thursday, October 2, 2014

It is expected that the Comptroller General's Office will endorse, no later than December, a contract to operate in the Bloomberg platform. From that moment the Panama Stock Exchange will no longer be used to issue Panamanian Government securities.

The chief executive of the brokerage house SFC Investment SA, Gijs Veltman told that "... So far the stock exchange has assumed the risk and with the entry into Bloomberg what will change is if the Ministry of Economy and Finance (MEF) is going to issue debt the exchange will not be in the middle, therefore the MEF has to approve counterparty lines for each of the Panamanian brokerage houses, so that they can decide whether to a line to all of them, or an open line. "

Meanwhile the general manager of the new Bank Canal, Carlos Barrios added that "... by putting Panama in sovereign papers on Bloomberg which will be seen around the world, in other words the market or the potential demand for these papers will quadruple or be five times bigger, so it's a great benefit to the country. "

More on this topic

Panama Issues $1 Billion in Debt

April 2019

The Panamanian government issued debt securities in the local market at a 3.75% interest rate, with a seven-year term.

It is the first time that international investors agree to the purchase of a treasury note Baa1/BBB/BBB issued under Panamanian Law and listed on the Panama Stock Exchange, using the Euroclear platform, informed the Ministry of Economy and Finance (MEF), in a statement.

Nicaragua: Stock Exchange Transactions Up 30% in 2016

January 2017

Trading volume last year reached $1.526 billion, 30% more than what was traded in 2015.

The repo market accounted for most of the volume traded in the stock market in 2016, with an increase over 2015 of 33%. The volume traded in these instruments was 382 million, while in 2015  $289 million was traded.

Panama: Government Abandons Stock Exchange

October 2014

An announcement has been made that in the short-term auctions of securities by Panamanian State will no longer be made in the local market and instead will be carried out through the Bloomberg platform.

Given the lack of investment in technology on the part of Panama stock exchange, the government has announced that it will begin making the auctions using the Bloomberg platform.

Panama: Stock Trading Up 28%

May 2014

In the first three months of the year $1.350 million worth of securities were traded, up from $1.057 million traded in the same period in 2013.

Increased purchases of securities in the first quarter of 2014 "were made by BG Valores ​​($230.09 million), Prival Securities ($228.88 million), Banco Nacional de Panama ($195.62 million), MMG Bank Corporation ($142 55 million) and Citivalores ($126.06 million) ...

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