Stock Market: Guatemala - El Salvador Union
Tuesday, July 30, 2019
Authorities from both countries agreed to work on the unification of their stock markets, starting with the issuance of a quota of Guatemalan subsidized debt directed to Salvadoran investors.
Representatives of the Guatemalan Ministry of Finance and the Ministry of Finance of El Salvador informed that before the end of this fiscal year, the Guatemalan subsidized debt will be approximately $13 million.

You may be interested in "More Public Debt Awarded”

Guatemalan Finance Minister Víctor Manuel Martínez told Prensalibre.com that "... with El Salvador (Ministry of Finance) the issuance of public debt in dollars will be executed in order to attract Salvadoran investors and that the quota is being designed to be able to exit the market. The minimum amount of the tender to carry out will be Q100 million ($12.9 million), to be able to have a regional integration with El Salvador."

Also see "Treasury Bonds: How Much Still to Be Awarded?”

Nelson Fuentes, El Salvador's finance minister, explained that "... they have been working with Guatemala and the regional market, and that one of the objectives is for investors to be able to buy both Salvadoran and Guatemalan debt. This initiative is working with the support of the central banks of each country, as well as the requirements to make full quotas (issuance)."

It was specified that any Salvadoran capitalist with investment funds that are certified or of the local financial system and that are registered in the Stock Exchange of El Salvador, will be able to acquire short-term debt and that could lower the interest rates in both countries.

Source: prensalibre.com
DO YOU NEED MORE INFORMATION ABOUT YOUR BUSINESS SECTOR?
Request more information:
Name*
Last Name*
Email:*
Telephone (choose your Country):*


Company:*
Title:*
Size of the Company:*
Industry:*
Yes, I want to receive a call from a salesperson*
Comments:*
this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423
Source: prensalibre.com
More on this topic
El Salvador Issues $1 Billion in Debt
July 2020
On July 8, the Salvadoran government issued $1 billion in bonds on the international market at a 9.5% interest rate with a maturity date of 2052.
The resources collected through this international issue are part of the $3 billion debt issuance authorized by the government and will be used to finance the health and economic crisis resulting from the spread of the Covid-19.
No More Investor Confidence?
August 2019
Although the goal for this year was to issue $100 million in debt bonds, during the first quarter the Nicaraguan government only awarded $1.1 million, doubting the level of investor confidence.
According to the
"Public Debt Report, First Quarter 2019"
, prepared by the Central Bank of Nicaragua, from January to March regarding Investment Securities in dollars, 1.03 million was issued at an average rate of 5.31% and an average term of 7 months.
Guatemala Issues $1.2 Billion in Eurobonds
May 2019
The government was able to issue $700 million over 30 years at a 6.12% rate, and $500 million over 10 years at a 4.9% rate.
The operation was carried out through the bank Citigroup Global Markets Inc, one of the three most important investment banks in the world, chosen through a competitive process, informed the Ministry of Finance.
El Salvador could Issue $800 Million in Euro-bonds
July 2009
The objective would be to swap short term Treasury notes, which will expire soon.
In May Congress approved a $1.800 million debt plan, which includes $800 million for facing the due date of short term debts, as well as $650 million for the expiration of foreign debt.
Key entities
Víctor Manuel Martínez Ministerio de Finanzas Públicas (Guatemala) Treasury Ministry (El Salvador)
Countries
El Salvador Guatemala
Insight
Public Finance Debt Market Capital Markets
RELACIONADO
Public Finance
Sovereign debt
bond issue
government debt
indebtedness
Daily Update Government PurchasesDownload brochure (only in spanish)Trade Inteligence Subscriber Access NewsletterContact Us MarketDataMexico Español
2008-2022 © CentralAmericaData.com
Trade InteligenceWho we areContact Us