Panama launches US$500 million bond-swap

Panama has launched an offer to swap US$500 million of its bonds with maturities in 2011 and 2012 for cheaper, 20-year titles.

Tuesday, June 3, 2008

The 2011 and 2012 bonds have a coupon of 9.625 percent and 9.375 percent respectively. The new paper has a 9.735 percent coupon.
In addition to the bond swap, Panama aims to improve its credit profile by reopening an existing issue by offering US$235 million of bonds that reach maturity in 2015.

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El Salvador: Increase in Costs for Raising Funds Abroad

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The interest rate rise in the US and the perceived risk of the Salvadoran economy have taken their toll on foreign debt bonds, whose yields have risen by about 2% in recent weeks.

This increase in yield of debt securities traded on the international market will be reflected in the forthcoming issues made by the government, which, according to economic analyst Mauricio Choussy, "...

Low Risk Premium of Guatemala’s Sovereign Debt

November 2011

The Credit Default Swaps (CDS) for Guatemalan bonds is only 1%, confirming the perception of investors that the chance of a default is very remote.

History seems to be repeating itself, but in reverse. While developed countries, especially those in Europe, are struggling to find a solution to the debt crisis, Latin American countries are enjoying relatively stable conditions, especially in the sphere of international finance.

Panama to Issue $500 Million in "Samurai" Bonds

November 2010

The country announced its first sovereign bond issue in the Japanese market.

"These securities, known as "samurai" will be placed among Japanese institutional investors, with the possibility of having a guarantee of up to 95% of the value of issuance by the Japan Bank for International Cooperation”, said the Panamanian Ministry of Economy and Finance in a statement to Invertia.com.

Private Capital Up 8.7% in Guatemala

August 2010

Between January and the first week of August 2010, the level of private capital increased from $6.8 to $7.4 billion.

According to information from the Guatemalan central bank, Banguat, the total for the period to August 2010 is $591 million higher than the same period last year, representing an 8.7% increase.

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