The Ministry of Finance awarded $37 million in installments of 10, 12 and 15 years at interest rates of 7.1%, 7.3% and 7.5%, respectively.
From a statement issued by the Ministry of Finance of Guatemala (Mifin):
The results of the placement of Treasuries held on Tuesday March 10, 2015 are as follows:
Demand was for $ 96.8 million, of which 0.67% was received with a maturity date October 2, 2025; 71.6% with a maturity date of May 19, 2027 and 27.6% with a maturity date of March 18, 2030.
In the third and final tract of the issue authorized by the Legislature, the government has placed $18 million with maturities of 10 to 15 years and rates of 7.12% and 7.50% respectively.
From a statement issued by the Ministry of Public Finance of Guatemala (Mifin):
The results of the placement of Treasuries held this in February 2015, are:
Requests received $62.9 million, of which 3.1% were for maturity dates of 10.02.2025; another 43.6% for the maturity date 05/19/2027 and 53.3% for the maturity date of 3/18/2030.
Despite several announcements of new taxes, the government will focus on controlling tax evasion and leave the decision to implement a tax reform to future administrations.
According to authorities at the Ministry of Finance, at the moment there is no consensus for fiscal reform. The priority now will be to pursue and strengthen tax administration in order to meet budget expenditures this year.