Using a web platform with key information from all of the markets in the region and the Dominican Republic, Central American stock exchanges propose reviving the plan to create a truly integrated regional market.
Once again authorities at stock exchanges in Central American countries and the Dominican Republic have put back on the table the plan to integrate the stock markets in each each country into a single regional one.
Credicomer constitutes a new issuer of securities, kicking off business with an issue of $2 million.
Credicomer, Savings and Loan Company is a new issuer on the Salvadoran Stock Exchange (BVES). This week it made its first release totaling $2 million, reported ElSalvador.com.
This issue is part of the Papel Bursátil program, which will total $20 million.
Stock exchanges strengthen capital markets and encourage countries' financial and economic development.
Daniel Choto, writing for Elsalvador.com, reports statements from the general manager of the Salvadoran stock exchange (BVES in Spanish), Javier Mayora, as well as from its president Rolando Duarte.
"Stock markets are the best way to stimulate economies in the medium and long term since they give companies an alternative source of finance to that traditionally offered by commercial banks," said Mayora.
Exchanges from Costa Rica (BNV), El Salvador (BVES) and Panama (BVP) start a new work session with the hopes of advancing with the integration plan.
Today and tomorrow, managers of the Exchanges will discuss the operational part of the trading platform, the single scree and remote operators, as well as legal and regulatory topics.