The Ministry of Finance placed Treasury bonds in local currency for the equivalent of $274 million, reaching 12% of the authorized value for fiscal year 2019.
The government reported that the first issuance of the year was for $175 million and took place on January 29, and the second for $99 million was completed on February 5.
The Ministerio de Finanzas Públicas [Roughly equivalent to the US Department of the Treasury] informed on January 29 that "... the first issuance event of Treasury Bonds of the Republic of Guatemala of Fiscal Year 2019 was held, whose results are the following:
At the end of last year, Nicaragua's public external debt totaled $5.940 million, 7% more than at the end of 2017.
The Central Bank of Nicaragua reported that "... According to statistics, public external debt totaled $5,940.1 million up to December 2018, representing a $58.3 million net increase over the previous month.
Of this total, US$4,140.7 million are debt with multilateral creditors (69.7%), US$1,748.9 million with bilateral creditors (29.4%) and US$50.5 million with private creditors (0.9%).
Aiming to settle outstanding debts and finance part of the Electric Expansion Plan, in Panama Etesa will issue rotating bonds in the local market for up to $300 million, with a term of no more than ten years.
The issue has already been approved by the Board of Directors of Empresa de Transmisión Eléctrica S.A. (Etesa), by the National Economic Council and by the Cabinet Council, so that the bonds are placed in public auction, privately, by order book or any other method.
Banco Centroamericano de Integración Económica signed a loan contract with the FCC Consortium to finance the six-lane extension of the beach corridor in Panama, Section I: La Chorrera-Santa Cruz.
The project "Expansion to six lanes, Las Playas Corridor, Section 1: La Chorrera-Santa Cruz, which has an approximate length of 36.3 kilometers, and begins at the end of the Arraiján - La Chorrera highway and ends at the entrance to Santa Cruz (before the crossing over the Lagarto River)," was awarded in November 2017.
Because of fiscal uncertainty, in the first months of 2018, banks operating in the country reduced by 16% the amount invested in public debt securities in the local market.
Against the backdrop of doubts about the future of public finances in Costa Rica, it was reported that from January to September, 14 local public and private banks invested $3.190 million in government bonds.
In Costa Rica, the private sector anticipates adverse effects on the export and tourism sector's competitiveness if the Ministry of Finance succeeds in consolidating its plan to issue $6 billion in bonds in the international market over the next six years.
The reaction of the country's export sector comes after the government announced this week that it will ask the Congress for authorization to issue bonds in international markets for at least $5 billion.
In Costa Rica, the Alvarado administration will ask the Congress for authorization to issue Eurobonds in international markets for at least $5 billion.
The Finance Minister, Rocío Aguilar, reported on November 20 that the country's public debt plans include the possibility of attracting more resources in the international market. One of the alternatives would be to place $5 billion in the next four years.
The Ministry of Finance reported that $200 million of the bonds placed in the domestic market were "in firm" and another $400 million placed to the best effort.
The Ministry of Finance reported that because of Direct Contracting No. CD-MH-CP-TN-001 -2018 called "Contract for issuance services and distribution of internal debt securities", on November 19th two companies were awarded with a firm issuance of $100 million each.
At the end of the third quarter of the year, the total public debt of the country's Central Administration amounted to $11.002 million, 3% more than that reported in the same period of 2017.
During 2018, the total public debt balance of the Central Administration of Honduras reached US$11,002.8 million, which represents an increase of 0.13% with respect to the Second Quarter of 2018.
On November 14th, Banpro Grupo Promerica issued $200 million in bonds on the international market for a six-year term under the 144A format.
The bank announced that the issuance was made by Promerica Financial Corporation (PFC), its main shareholder, and that the issue was structured by Bank of America Merrill Lynch and Credit Suisse.
Ramiro Ortiz Mayorga, chairman of the board and CEO of Promerica, explained to Elnuevodiario.com.ni that "...
The Central Bank of Costa Rica informed that on November 12th, it made auction Monetary Stabilization Bonds in Colones, for an amount equivalent to $8 million, at a gross interest rate of 9.51%.
From the statement of the Central Bank of Costa Rica:
The Central Bank of Costa Rica announces to the national market that it will hold an auction of Monetary Stabilization Bonds next Monday, November 12th, 2018, and that in this event it will make available to the public the following standardized series, the features of which are detailed below:
Panama's international airport issued in the international market debt securities expiring in 2048, with a coupon rate of 6% and a yield of 6.25%.
From the statement of Tocumen S.A.:
Panama November 8th, 2018. On Wednesday, November 7th, 2018, Tocumen International Airport successfully issued six hundred and fifty million dollars (US$650,000,000.00) in corporate bonds on the New York Stock Exchange, following rules 144-A and also registered on the Panama Stock Exchange.
At the end of 2018, the Costa Rican government needs about $1.5 billion to pay salaries, transfers and debts to state creditors.
According to Rocio Aguilar, head of the Treasury Department, there is currently just over half of the resources needed, which totaled $3 billion.
Aguilar explained to Crhoy.com that there are possibilities that "... The debt issuance contracts will allow them to obtain those resources from here to the end of the year, to successfully close 2018."
In Nicaragua, the license of CrediFactor S.A. to offer securities to the public was revoked due to the difficulties the company is facing in paying for the securities.
The executive president of CrediFactor, Mauricio Pierson Stadthagen explained to Elnuevodiario.com.ni that "... The country's situation decelerated the rate of recovery of the portfolio they had been recording, which was funded with the issuance of bonds in which individuals invested. The factoring company did not take deposits from the public."
In the first of the two days of the swap of debt securities convened by the Finance Ministry of Costa Rica $202 million were successfully negotiated, amount that represents only 6% of the total balance expected to exchange.
To swap debt securities that expire between 2018 and 2020, for others with longer deadlines, the Government of Costa Rica organized an auction on October 25 and 26.