Empresa de Transmisión Eléctrica de Panamá was authorized to make one or more issues and reopen securities in international markets for up to $750 million.
The issuance will take place in the first half of 2019, will be listed in the U.S. Securities and Exchange Commission and in the Superintendence of the Securities Market of Panama, informed Empresa Eléctrica.
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.
The entity is preparing, for the March 18, to place corporate debt at a 2 year term and a net rate of 5.25%, via auction on the National Stock Exchange.
From a statement issued by FCCA Investment Banking:
On Wednesday March 18 Banco Lafise Costa Rica a member of the prestigious Lafise Group with operations in Central America and the Caribbean, will auction on the National Stock Exchange 10-year bonds for $10 million, at a 5.25% rate, quarterly risk rating (SCR AA-) and (PCR AA).
The entity is attracted by low prices and the long time frames in the global financial market.
The positive results of other Costa Rican institutions such as Banco de Costa Rica and the Instituto Costarricense de Electricidad have motivated the bank to discuss the possibility of borrowing on the international market.
This was explained Oscar Prado, director of economic analysis at the entity.
Fixed income securities are being more demanded, due to excessive liquidity in the market and a favorable international scenario for these types of investments.
Aldesa believes that the international situation can be explained by various factors. The United States has kept its leading interest rate at historical lows, between 0 and 0.25%, and has officially acknowledged that the European crisis may slow down economic recovery in the U.S.
On March 23, 7 months after starting operations, the company will issue $12 million in corporate debt.
Juan Olmedo Domingo, company president, explained they have already placed some of the first series of this issue.
“The underwriter is Multisecurities, Multi Trust is the fiduciary, and Multibank the payment agent. The securities will be available in 4 series, maturing at 2, 3, 5 and 10 years from the date of issue”.
The $20 million obtained through bond sales will be used to upgrade production facilities and paying short term debts.
Vidriera Centroamericana (Vicesa) is a Costa Rican company that produces glass casings. It will spend $7.8 million in purchasing technology to increase productivity in its facilities.
"The remaining $12.2 million will be used to pay short term obligations in dollars.