In terms of 10, 12 and 15 years and rates of 7.12%, 7.37% and 7.57% respectively, the government has issued treasury bonds for Q1,958.1 million, equivalent to $256 million.
Of the $366 million in treasury bonds approved by the Congress, 70%, which corresponds to $256 million, was placed by the Ministry of Finance in order to finance the budget for 2015, because the World Bank did not approved the loan of $340 million which was to be used for that purpose.
On August 12th the Ministry of Finance will auction $20 million with a one year term through the electronic system of the Stock Exchange.
The settlement will be made on August 15th, according to Katyuska Correa, Director of Public Credit, in a note to the Panama Stock Exchange.
Prensa.com reports that "...The presentation of offers will be between 9:00 and 10:00 am through the electronic bidding system of the Stock Exchange. "
For the third consecutive week the Ministry of Finance in Guatemala has declared unsuccessful the placement of treasury bonds.
From a press release from the Ministry of Finance of Guatemala (Minfin):
The Ministry of Finance continued this June 3 with the placement of Treasury Bonds of the Republic of Guatemala, for the fiscal year 2013. These financial instruments were offered in the form of price in the local market, through public auctions and tenders in quetzals carrying the expiration date of December 2, 2013.
Between June and July, the government plans to place in the local market $250 million in Treasury bills in order to ease their financing needs, not addressed by Congress.
According to Pavel Centeno, Finance Minister the measure is in response to the Government not gaining Congress' approval for taking out loans.
"We hope that legislators understand the sensitivity of financing the general budget of the nation.
The Ministry of Finance in El Salvador has scheduled 17 emissions for Treasury Bills for the year 2013.
Elmundo.com.sv reports that "by executive agreement, for this year the Ministry of Finance has scheduled 17 emissions of Treasury Bills. Three tranches have already been issued totaling $75 million. "
According to the executive agreement approved last January, these emissions should not exceed $420 million.
The Republic of Panama began on January 15 emissions for the State Titles in 2013, auctioning Treasury Bills, for which it received offers for $ 51.3 million.
A press release from the Ministry of Economy and Finance reads:
The Republic of Panama has begun its program of government securities emissions for 2013, with the first auction of Treasury bills on Tuesday 15 January, receiving competitive proposals for the sum of U.S. $51.3 million.
The certificates issued are for a term of six months, maturing on September 7, 2012.
The Ministry of Economy and Finance (MEF) held an auction of Treasury bills, allocating about $32.5 million for a period of six months, maturing on September 7, 2012, at an average price of 99.43% and a weighted average yield of 1,134%, reported Prensa.com.
The MEF reported that it received a total of $91.5 billion in bids.
Lack of flexibility in the loan approval in Congress is forcing the government to resort to other measures.
The Guatemalan government has announced that it will release short-term treasury bills, usually considered a financing tool for emergency liquidity due to their characteristics.
The decision to issue the bills, which are very short with terms of less than a fiscal year, is being based on the fact that loans available for use have not yet been approved by Congress.
In the next $800 million Eurobond issue, domestic investors will be able to participate in the primary market.
The public offering will be carried out in the Luxembourg Exchange, detailed Carlos Cácers, Treasury Minister.
"In previous offerings, 100% of the issue was immediately bought by investment banks and sold 24 to 48 hours later to individual investors, most of them Salvadorans, with 1%-2% surcharge", explained Cáceres to newspaper Elsalvador.com.
The Panamanian Government will auction $10 million in Treasury Notes on October 27th.
A public offering will be done through the electronic bidding system of the Panamanian securities market, reported Mahesh Khemlani, director of Public Credit.
From Pa-digital: "This issue is part of $275 million authorized on April 23 2007 ... to 'deal with seasonal requirements of the State Treasury and to back up the General Budget'".