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Panama to Issue $ 600 Million in Bonds

During 2011 the Government will issue up to $ 600 million in Treasury Notes to finance the deficit and meet debt maturities.

Friday, January 7, 2011

©image: Wikimedia Commons

Alberto Vallarino, Minister of Economy and Finance, explained that the deficit for 2011 is planned at $ 436 million, but could grow as a result of national emergencies.

In addition to approving the issuance, the National Economic Council approved a credit of $ 500 million with Banco Nacional de Panama.

Source: Prensa.com

Key entities

Alberto Vallarino Consejo Económico Nacional (Panama) Banco Nacional de Panamá

Insight

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Costa Rica: Treasury Issues $1,904 million of Domestic Debt

July 2011

The treasury has issued 2% less bonds than planned, due to poor investor appetite for these securities.

In the first six months of the year, the Ministry of Finance intended to raise ¢975 billion ($ 1.933 billion) in the local market. However, poor demand for securities in national currency has forced the agency to aim for a figure slightly lower than projected.

Guatemala Allocates $ 113 Million in Bonds

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Most of the placement was made at 12 and 15 years, $ 66 million and $ 16 million, respectively, paying interest of 8.8% and 9% respectively in Quetzales.

Nicaragua to Issue $5 Million in Debt

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The Nicaraguan Treasury announced it will issue $5 million bonds in the local market on March 10th.

The entity had successfully completed a $4 million placement on the last week of February.

From Capitales.com: “the price of the bonds will be defined by a public auction. Interested stock brokerages and financial institutions can bid through the electronic auction system of the Central Bank of Nicaragua”.

Banguat Approves Bond Issue for $223 million

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The Monetary Board of the Bank of Guatemala approved the issuance of treasury bonds for $223 million.

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