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$602 million in bond issues pending in Panama

Panama's National Securities Commission says there are 13 bond issues pending that will raise a total of 602 million dollars.

Wednesday, July 23, 2008

©image: Tracy O

Among the upcoming issues are a 250-million-dollar issue of perpetual bonds for from Banco General; another from Global Bank Corp for 60 million dollars; and three from the International Bank of Costa Rica, the Multistrategy Fixed Income Fund and the Sociedad de Inversión Inmobiliaria Balboa, each for 50 million dollars.

Source: Prensa.com

Key entities

Panamanian Securities Commission Banco General (Panama) Global Bank Corp Banco Internacional de Costa Rica

Insight

bond issue Investment Debt Market

Public offering of BICSA bonds for $100 million

August 2008

The Panama branch of the International Bank of Costa Rica (BICSA) has made a public offer of corporate bonds worth $100 million.

The listing and negotiation of these bonds has been authorized by the Panama Stock Exchange (BVP) and the National Stock Commission of Panama, however this authorization does not imply a recommendation or opinion of these stocks or the issuer, indicated a press release from the BVP.

The Stock Market has Credit

May 2009

The stock market in Panama is the source of fresh funds while the rest of the financial system keeps funds restricted.

Issuances recorded by the National Securities Commission (CONAVAL) during the first quarter of 2009 totaled $305 million, while those in process total $447 million.

BICSA launches $50 million debt issue

June 2008

The International Bank of Costa Rica (Banco Internacional de Costa Rica) has launched a debt issue in Panama with a maturity of three to five years.

With capital payments on maturity and quarterly interest payments the issue will be for 50 million dollars in series.
The issue, whose interest rate will be previously agreed to upon placement, is currently being subscribed.

Panama: Stock Market Heating Up

May 2011

In just five months more than $600 million worth of shares have been issued.

The economic boom being experienced by Panama can be seen in all the country's economic activities, and the stock market is no exception.

Between January and May, $602 million worth of securities have been issued, representing an increase of 285% compared to the same period in 2010. In addition, another $400 million worth are in the approval process.

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