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.

“These bonds mature in three years, and pay 6.5% annual interest. The sale was approved by the National Securities Commission”, reported Laestrella.com.pa.

More on this topic

More Private Issues in Panama Stock Exchange

September 2015

17 issues for $958 million, mostly in corporate bonds, are in line waiting to be authorized by the National Stock Exchange.

Of the total amount expected to be approved for issuance on the stock market, $100 million correspond to an issue of corporate bonds planned to be made in tracts, by the bank Banesco.

Panama: In 2013 There Will be $1.5 billion in Issued Securities

May 2013

With the industrial sector leading the way, Panamanian companies are increasingly going to the local stock market for their financing.

"According to the registry of the Superintendency of Securities Market (SMV), up to early May there were $440 million in securities belonging to different companies, and another $1.033 billion were in the process of being registered," noted an article in Laestrella.com.pa.

Nicaraguan Company To Issue $5 million in Panama

May 2013

The Nicaraguan financial company Finnancia Credit is to issue commercial securities in the amount of $5 million on the Panamanian market.

The Negotiable Commercial Securities (VCN by their initials in Spanish) will be issued in three series with terms of one year and will have an interest rate of 7% per annum for the first series, which was released on April 30 in the amount of $2 million.

Panama: Corporate Shares ​​for $45 million

April 2013

Grupo Toledano is to issue $45 million in corporate bonds to be used to settle debts with creditors and banks, and as working capital.

Capital.com.pa reports that "According to the prospectus published on the Panama Stock Exchange (BVP), the corporate bonds are divided into seven series that meet the following amounts: Class A-1, up to $5 million, Series A-2, up to $5 million, Series B, up to $15 million and the Series C, D, E and F together totaling $20 million. "

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