From a note published by the Municipal Government of the city of San Salvador:

The Municipality of San Salvador has conducted its second securitization through the Stock Exchange of El Salvador for a total of $10.536 million. The Securities issued are backed by the future financial flows of a portion of the revenue of the Municipality of San Salvador, which will be used to implement major projects which will benefit the capital.
The issue was placed through the Electronic Trading System Stock Exchange, a platform demonstrating transparency, equity and efficiency of equity negotiations.

The issue was placed in two tranches, the first designed for investors and firms seeking investment options of 5 years, offering a fixed rate of 5.15% per year and the second tranche designed for long-term institutional investors - 10 years, with a fixed rate of 6.55% per year, both tranches pay principal and interest installments monthly.

More on this topic

El Salvador: Water Company Raises $25 million in local market

December 2015

The National Water and Sewerage company has sold the first tranche of $25 million of bonds at 15 years with a gross yield of 7.7%.

The funds raised by the National Administration of Aqueducts and Sewers (ANDA by its initials in Spanish) will be used to finance part of the project to improve the water distribution network in Greater San Salvador.

Another $50 million Securitization for Roadworks

October 2013

The Road Maintenance Fund of El Salvador launched a second sale of securities worth $50 million on the stock exchange.

In May the Road Maintenance Fund (FOVIAL) had already raised $50 million and it is now looking for more funds with a new securitization this week.

This fund, just like the first one, will be placed in two tranches, the first "...

Salvadoran Stock Exchange Expects to Triple Securitizations

March 2012

The BVES anticipates $100 million of securitization processes in 2012, nearly triple the $39 million securitized in 2011.

The president of the Stock Exchange of El Salvador (BVES), Rolando Duarte, said that this year the securitization of assets or future cash flows of private and public companies would total about $100 million, reported ElSalvador.com.

El Salvador: Boom in Securitizations

November 2011

Risking future income rather than tangible assets is a good choice for investment financing, using working capital or debt restructuring.

Securitization of future income is an instrument used for the first time by the Liceo Frances on El Salvador’s Stock Exchange.

The organization placed its bonds on the market and raised capital to expand its educational facilities.