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.
In Nicaragua, the license of CrediFactor S.A. to offer securities to the public was revoked due to the difficulties the company is facing in paying for the securities.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."
The new tax reform proposal being discussed in Costa Rica raises capital gains tax from 8% to 15%, and also excludes recognising as a debt deposits made by issuers in the securities market.
In the view of the National Stock Exchange (BNV), not recognizing deposits made in the stock market as debt leaves it at a clear disadvantage, compared to banks, as a source of financing for companies.Not only does it compromise access to investors' savings, it also significantly limits companies and individuals investment options.
The Swiss bank UBS is preparing a $619 million issue to partially finance construction of Panama's Metro Line 2, managed by Odebrecht and FCC Construcción.
As early as February it was reported that, after Citibank's departure,UBS and Inbursa had expressed their interestin taking on financing for the project."The issuance of notes will be done through Sparc EM, used by the Swiss bank to do these types of financing operations."
On the local stock exchange Cuscatlán bank has issued five-year dollar investment certificates at a rate of 5.8%.
Elsalvador.com reports that "...This is the placement of the first tranche of the issue "CICUSCA$01", with which the bank is aiming to issue investment certificates worth a total of $150 million in order to obtain efficient financing through the El Salvador Stock Exchange.This amount will be issued at the appropriate time according to liquidity needs."
With the backing of Congress the National Electricity Company aims to raise money on the international market in order to improve its debt profile.
Converting short-term debt which has high rates to debt with longer maturities and with lower interest rates, is what the National Electricity Company (ENEE) is aiming for in the external market.Congressional authorization allows the ENEE to issue up to $858 million in debt.
Citing that it has other revenue options, the airport administrators have postponed until 2017 an issuance of $50 million outstanding from the $625 million which was authorized.
Half of the $1 billion project cost will be provided by the state and the rest by a bond issue on the part of the National Highway Company which will be repaid by tolls.
The $500 million that Empresa Nacional de Autopistas (ENA) plans to issue under the framework of therecently approvedlaw reform, will be repaid with revenue generated through a toll charged for crossing the bridge.
The Electricity Transmission Company is preparing to make two issues of $350 million and $500 million on the New York Stock Exchange in order to finance the fourth transmission line and carry out improvement works on existing lines.
Authorities at the Electricity Transmission Company of Panama (Etesa) have hired Scotiabank to structure the emissions to be made on the New York Stock Exchange.
The funds raised in the local market will be used to finance the expansion works of the Port Terminal Petrolera del Atlantico and optimize the entity's storage capacity.
The securities auction will be held on June 14 through the National Stock Exchange, in the amount of 12.100.000.000 colones ($22.5 million) of bonds SerieA A6 belonging to Schedule A standardized bond issue.
Up to $372 million of the state pension scheme could be invested in public infrastructure projects in Costa Rica.
Funding public works using Costa Rica's national savings funds saw a new and positive development in matters relating to the management of resources in the economy. The Board of Directors of the Costa Rican Department of Social Security approved a policy that allows allocation of up to $375 million of the reserves from the regime for Disability, Old Age and Death (IVM by its initials in Spanish) to be invested in public infrastructure projects, reported Nacion.com.
The company Aeropuerto Internacional de Tocumen has been authorized to issue securities in the local and international market for an amount of up to $1.275 billion.
A statement from the Presidency of Panama reports that "... Through Executive Decree authorization has been give to the corporation called Aeropuerto Internacional de Tocumen, S.A. (AITSA) to make one or more issues of securities in the local capital market and / or in the International Capital Markets in the amount of up to 1.275 million dollars to finance investment programs totaling up to 625 million balboas and the remaining amount for operations to manage existing debt (650 million dollars). "
The airport administrators are negotiating with Citi to structure and launch the second issuance in no more than two months in order to complete financing for the expansion of the terminal.
The aim is to sell on the international market the entire issue before the end of this year, and simultaneously negotiate with the holders of bonds of the first issue to extend their maturity periods, improving debt conditions so that the final tranche of funding of the South Terminal will be complete.
To obtain the financing needed to complete the expansion of the South Terminal, the administrators of Tocumen International Airport plan to issue debt certificates once again.
The delays that have occurred in the work due to changes in the original project design, have prevented the administration from starting the process of raising funds via the concession of premises in the new 'duty free' area, therefore they have announced that they will need to make a new bond issue to complete the financing. It is estimated that the amount will be more than $650 million, carried out between 2013 and 2014.
Iconi Holding and Intermarket are the companies that the Securities Regulator has warned not have support or supervision in the country.
The Superintendency of Securities (Sugeval) has updated the list of unsupervised and unregulated entities for which reports have been received of possible unauthorized securities offerings, which could even be fraudulent.