Capital Markets
in Central America
Friday, February 3, 2012
The Guatemalan company Central America Beverage (Cabcorp) will release bonds worth $150 million on the U.S. market next week.
For the second time the company is to issues securities in international capital markets. The first time the issuance, rated BB, Ba2 and BB + by the rating agencies Standards & Poors (S & P), Moody's Investors and Fitch Ratings respectively, was acquired by Citigroup Global Market Inc.
Friday, February 3, 2012
The growth in turnover for 2011 is the result of investment incentive strategies in the stock market and the operation of new mechanisms such as trusts.
An article in Laprensagrafica.com reports that "In 2011, $3.555 billion was traded on the BVES compared to the previous year when a total of $2.59 billion was traded. The source also reported that both the public and the private sector earned $3.55 billion in financing. Furthermore, securities released by three municipalities and a private school totaled $47 million. "
Thursday, February 2, 2012
This is the maximum amount allowed by law and the first issue will be on February 13th .
Guatemala's government plans to place up to Q 2,500 million ($ 320.1 million) in treasury bills in 2012, announced the Ministry of Public Finance (Minfin). The first release will take place on February 13th .
Tuesday, January 31, 2012
The increased demand for bank credit from consumers and businesses plus the financing needs of the government, is putting pressure on the capital market and interest rates.
The competition for liquidity can be seen in the activity of the National Stock Exchange, where the amounts being released on the exchange are increasing because of the concurrence of the state banks - Banco de Costa Rica, Nacional and Popular, and of private banks like Scotiabank, and by other entities such as Grupo Mutual y la Compañía de Fuerza y Luz.
Monday, January 30, 2012
Direct investment by Colombian companies came to about $1 billion in 2010, a giant leap forward compared to the $27 million in 2004.
Central America has become a kind of "Promised Land" for large companies in Colombia, writes ElTiempo.com.
Monday, January 30, 2012
The countries have agreed to strengthen cooperation in the use of satellites, and made some business deals. There is also possible interest on the part of the Russians in a railroad worth $52 million.
The Nicaraguan Minister of Development, Industry and Commerce, Orlando Solorzano, and the Russian Deputy Foreign Minister Sergei Ryabkov, signed an agreement for economic cooperation and scientific and technical information.
Tuesday, January 24, 2012
The Government is emphasizing the understanding and agreement between employers, workers and officials on issues like the minimum wage.
Nicaragua seeks to position itself as an attractive and reliable place for foreign investment and to attract innovative projects, states the investment promotion agency ProNicaragua, which is preparing three business forums this year.
Monday, January 23, 2012
The Salvadoran Presidential Secretariat has presented a draft Law on Public-Private Partnerships to the Legislative Assembly.
A press release from the President of El Salvador states that:
“The Technical Secretariat of the Presidency presented this week a draft Law on Public-Private Partnerships (PPPs) as a tool to enhance public and private investment, generating growth and economic development in El Salvador.
Monday, January 23, 2012
The Nicaraguan Government wants to attract Russian interest in production, tourism, education projects and intends to sign cooperation agreements.
Nicaragua wants to attract Russian investments through productive projects, investment protection, education and cooperation worth a total of $600 million, the government said.
Monday, January 23, 2012
The government has launched an aggressive plan to promote investments in two areas of most interest to tourism: the former U.S. base in Sherman, in the Caribbean, and Amador, on the banks of the Canal on the Pacific side.
Authorities in Panama have set in motion an ambitious plan to attract investment in two areas of most interest to tourism: the old Sherman U.S. military base in the Caribbean and in Amador on the Pacific, in the capital. They also announced that tenders will soon be released.
Thursday, January 19, 2012
The Panamanian Cabinet Council has approved an amendment to the Law of February 6th , 1997 which aims to improve the national electricity market.
A press release from the National Secretariat of Energy reads:
The Cabinet Council has approved an amendment to the Law of February 6th , 1997 that seeks to improve the national electricity market with a view to distribution companies fulfilling their obligation to contract out all of their demand in order to produce a secure supply to end customers.
Friday, January 6, 2012
The total amount traded on the Panamanian Stock Exchange (BVP in Spanish) at the end of 2011 was $3.365 million, 27.5% more than in 2010.
A statement from the BVP said that the total amount traded was $1,377 million in releases of corporate bonds and $1,243 million in state certificates.
Tuesday, January 3, 2012
With a growth rate of 7.5%, the country attracted $3 billion in foreign direct investment (FDI).
The Minister of Economy and Finance, Frank De Lima, said that implementation of Law No. 41 of August 24, 2007, which created a special regime for the establishment and operation of multinational companies, was a key factor for attracting FDI.
Tuesday, December 20, 2011
The Stock Exchange has signed a mutual cooperation agreement with the aim of negotiating simultaneously releases.
The purpose of the agreement is to develop mutually beneficial initiatives generating releases of securities and transactions in both directions, including the adequacy of trading systems.
Monday, December 19, 2011
The purchase of Pipasa in mid-2011 gave Cargill 55 to 60% of the chicken market in Costa Rica, and it is now announcing new investments to reinforce its hegemony.
Many of the other competitors are also advertising their own strategies for a trade war that goes beyond the borders of Costa Rica and includes the whole of the isthmus as a battle theater.
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