The Honduran bank has made a public offer of corporate bonds worth $35 million.
Journalist for El Heraldo, Wendy Mejia interviewed Roque Rivera, president of the bank about the release of corporate bonds on the Central American Stock Exchange.
"-Why issue these bonds?
- Three years ago FICENSA bank issued corporate bonds for $20 million and it was the most successful operation in the market, so we have decided to make a new issuance for $35 million, which will be in both domestic and foreign currency. "
The bank will issue bonds for $ 35 million with 5 year maturity.
The issuance drew a positive rating by Fitch, "BBB + (hnd) to Corporate Bonds FICENSA 2011.”
"The institution is the tenth largest bank in Honduras, with a market share of 3% of assets (excluding contingencies) and 3.5% of system loans," reported the article in Elheraldo.hn.