During February 8 and 9, the Ministry of Finance was able to renegotiate close to $130 million corresponding to maturities of domestic debt securities for the years 2021 and 2022.
This is the first exchange of domestic debt in colones to take place in 2021. In this session, the Ministry of Finance managed to renegotiate debt bonds for ¢79,814 million, equivalent to close to $130 million.
Through a competitive auction of domestic debt securities denominated in Colones, on November 9 the Costa Rican government issued the equivalent of $106 million in the primary market maturing in 2024, $81 million in 2026 and $27 million in 2031.
With this allocation the Treasury reached 80.6% of the maximum amount of issuance for ¢1.8 billion, announced last August 25, during the presentation of the debt plan for the second half of the year, the authorities informed.
After the Alvarado administration agreed to backtrack on the proposal to negotiate a $1.75 billion loan with the IMF, it is predicted that next year the government will depend on domestic debt to finance its expenditures.
Although the goal for this year was to issue $100 million in debt bonds, during the first quarter the Nicaraguan government only awarded $1.1 million, doubting the level of investor confidence.
According to the "Public Debt Report, First Quarter 2019", prepared by the Central Bank of Nicaragua, from January to March regarding Investment Securities in dollars, 1.03 million was issued at an average rate of 5.31% and an average term of 7 months.
Authorities from both countries agreed to work on the unification of their stock markets, starting with the issuance of a quota of Guatemalan subsidized debt directed to Salvadoran investors.
Representatives of the Guatemalan Ministry of Finance and the Ministry of Finance of El Salvador informed that before the end of this fiscal year, the Guatemalan subsidized debt will be approximately $13 million.
The aim of the government's debt plan for the second half of the year is to capture up to $2.43 billion in the local market, in addition to the $1.5 billion expected to be placed in the international market.
In its strategy for the coming months, the Government will manage liabilities (swaps and reverse auctions) for the series maturing in both colones and dollars.
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 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.
Between March of this year and the same month of 2018, the government's debt rose from $23.673 million to $25.893 million, a rise explained by the increase in external debt.
The balance of total public debt increased by $188.6 million (0.7%) with respect to the balance recorded at the end of February 2019, highlighting the disbursement of $52 million corresponding to the tenth tranche of Treasury Note 2023 with a coupon of 3.0%, and $35 million corresponding to the second auction of 12-month Treasury Bills with a weighted average yield of 3%, informed the Ministry of Economy and Finance.
In the exchange of foreign currency debt that took place on February 6, the Ministry of Finance managed to negotiate $165 million of $428 million offered.
Grupo Prival reported that the debt that was swapped expired in 2019, 2020 and 2021, and now the bonds will expire in 2023 and 2026, which will give more looseness to the authorities to manage the country's public finances.
Driven by the financial commitments of the Central Government and those originated by pensions, the country's public debt increased 3% at the end of 2018, reaching $18.975 million.
Finance Ministry statistics detail that between 2017 and 2018 the public debt that includes credits contracted by the Central Government, its financial and non-financial public companies, as well as the Central Reserve Bank, increased $602 million, from $18.373 million to $18.975 million.
Partly explained by issuance in international markets between October last year and the same month in 2018, government debt increased from $23.418 million to $25.814 million.
According to the most recent figures from the Ministry of Economy and Finance of Panama, between the tenth month of 2017 and October of this year, the government has increased the debt by $2.396 million.
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.
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.
The Finance Ministry of Costa Rica organized an auction on October 25th and 26th, to swap debt securities that expire between 2018 and 2020, for others with longer deadlines.
The Finance Ministry is the institution that called for a " mega swap ", which aims to offer investors new securities that expire between 2021 and 2030, up to a total of ¢2 billion ($3,426 million).