The Ministry of Finance of Guatemala awarded Treasury Bonds in local currency for the equivalent amount of $13 million, at a cut-off rate of 6.49% and with a maturity date in November 2039.
The global amount awarded of Treasury Bonds of the Republic of Guatemala up to date, including those made through public tenders and auctions ascended to Q.17,680.8 million ($2,296 million), corresponding to the 2019 Fiscal Year, informed the Ministry of Finance.
The Ministry of Finance Awarded Treasury Bonds in local currency for an equivalent amount of $19 million, at a cut-off rate of 6.2% and expiring in August 2034.
In the event of issuance of Electronically Registered Representative Certificates in Custody in the Banco de Guatemala, a demand for $42.9 million was received, corresponding in its entirety to the maturity date of 11/23/2039.
The Legislative Assembly approved in first debate the issuance of $1.5 billion in debt securities in the international market, which in the opinion of the rating agencies, helps to reduce uncertainty about the government's ability to meet its financing needs.
The Treasury Department's initial plan was to issue $6 billion within six years, however, the committee in charge of the file modified the text so that the limit would be $1.5 billion.
The Ministry of Finance of Guatemala awarded Treasury Bonds in local currency for $19 million, of which $2.3 million were placed at a cut-off rate of 5.7% and $17.1 million at 5.9%.
In this issuance system, $19.4 million were awarded, of which $2.3 million corresponded to the expiration date of 02/21/2028, at a cutoff price of 108.0101 and a cutoff rate of 5.6900%, and $17.1 million corresponded to the expiration date of 08/18/2031, at a cutoff price of 110.3852 and a cutoff rate of 5.9143%, informed the Ministry of Finance.
For the rest of the year, the Guatemalan government plans to award Treasury Bonds for an amount equivalent to $136 million, which will be issued through an electronic system and physical title.
Days ago the Ministerio de Finanzas (Minfin) informed that the global amount awarded of Treasury Bonds of the Republic of Guatemala up to date, including those made through public tenders and auctions ascended to Q.17,277.9 million ($2,243.9 million), corresponding to Fiscal Year 2019.
The Ministry of Finance of Guatemala issued Treasury Bonds in local currency for an amount equivalent to $19 million, maturing in May 2039 and at a cut-off rate of 6.6%.
The global amount awarded of Treasury Bonds of the Republic of Guatemala up to date, including those made through public biddings and auctions ascended to Q.17,277.9 million ($2,243.9 million), corresponding to Fiscal Year 2019, informed the Ministry of Finance.
Offering for the first time only dematerialized securities, the Government of Guatemala issued Treasury Bonds for the equivalent of $20 million, of which $7 million expires in 2028 and $13 million in 2039.
For the bonds awarded, $7 million correspond to the expiration date of 02/21/2028, at a cutoff rate of 5.9000%, and $13 million correspond to the expiration date of 05/17/2039, at a cutoff rate of 6.8800%.
The Central Bank announced for June 17 two auctions of monetary stabilization bonds in the local market, for a joint value equivalent to $75 million.
From the Central Bank of Costa Rica statement:
The Central Bank of Costa Rica informs the national market that it will hold an auction of Monetary Stabilization Bonds next Monday, June 17, 2019, and that in this event will make available to the public the following standardized series, whose characteristics are detailed below:
One of the issues was made in local currency, equivalent to $1 billion over 7 years, and another issue in dollars for $1.5 billion over 30 years.
The local currency transaction was conducted at a 9.75% interest rate, while the 30-year issue was conducted at a 6.492% interest rate, the lowest issued by the country for this term, informed the Ministry of Finance in a statement.
The bill that in Costa Rica authorizes the Alvarado administration to issue $1.5 billion in debt in the international market has already taken the first step in the Legislative Assembly.
At the beginning, the Treasury Department requested authorization to issue $6 billion within six years, however, the committee in charge of the file modified the text so that the limit would be $1.5 billion.
So far in the Morales administration, the Guatemalan government has raised $2.4 billion through the issuance of Eurobonds, but the quality with which the funds collected are being executed is questioned.
The last issuance of Eurobonds was on May 23, when the government issued $700 million over 30 years at a 6.12% rate, and $500 million over 10 years at a 4.9% rate.
The government was able to issue $700 million over 30 years at a 6.12% rate, and $500 million over 10 years at a 4.9% rate.
The operation was carried out through the bank Citigroup Global Markets Inc, one of the three most important investment banks in the world, chosen through a competitive process, informed the Ministry of Finance.
The Ministry of Finance placed Treasury Bonds in local currency for amounts equivalent to $26 million and $13 million, with terms of 15 years and 20 years, respectively.
The global amount awarded to date totals $858.6 million, corresponding to the 2019 Fiscal Year, of which $26 thousand correspond to the awards of treasury bonds for small investors, informed the Government.
Empresa de Transmisión Eléctrica de Panamá issued seven-year local market debt securities with a 3.85% interest rate.
Empresa de Transmisión Eléctrica S.A. (ETESA) made its first issue of corporate bonds in the Stock Market of Panama, for the sum of seventy-five million dollars ($75 million) to be used to finance investment projects included in the Expansion Plan of the National Interconnected System (PESIN) of 2018, said the institution in a statement.
The Empresa de Transmisión Eléctrica de Panamá issued debt securities for 30 years at a 5.125% interest rate.
The bonds have a deadline in May 2049, i.e. 30 years from the date of issue and will have a grace period on capital payments of 15 years, informed the institution.