In Nicaragua, the license of CrediFactor S.A. to offer securities to the public was revoked due to the difficulties the company is facing in paying for the securities.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 2013 $334 million were traded in the primary market in bond debt securities issued by Guatemalan companies.
Figures from the National Stock Exchange (BVN) reveal that during 2013 $334 million worth of bonds were traded. Of that total, 25% were in dollar bonds, the rest were denominated in quetzals.
"... the volume of trade covering activities by industry, banking, agriculture, trade and finance, is growing," said Rolando San Román, CEO of the BVN.
With banks barely lending and interest rates up, each company should review their available financing options.
Most small and medium company are not able to use existing instruments which are out of their reach and can mainly be used by investment bankers and financial consultants.
For companies that need to borrow a lot, which may be from $2 million up, offering bonds in the stock market may be an attractive option.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...