Panama: Indesa Raises $7.6 Million at Panamanian Stock Exchange
At the Panamanian securities market, the company sold $7.6 million worth of corporate debt.
Thursday, February 4, 2010
This is the first public bond sale by Indesa Finance, Panamanian subsidiary of Indesa Holding.
17 issues for $958 million, mostly in corporate bonds, are in line waiting to be authorized by the National Stock Exchange.
With the industrial sector leading the way, Panamanian companies are increasingly going to the local stock market for their financing.
Grupo Toledano is to issue $45 million in corporate bonds to be used to settle debts with creditors and banks, and as working capital.
The Nicaraguan financial company Finnancia Credit is to issue commercial securities in the amount of $5 million on the Panamanian market.
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