CABEI launches three-prong US$67.6mn regional bond issue

Friday, August 26, 2011

Central American development bank CABEI has issued US$67.6mn of bonds on three regional stock exchanges.

The bonds have a 10-year tenor and have been split between issues in Costa Rica (US$31.7mn), El Salvador (US$22mn) and Panama (US$14mn).

CABEI president Nick Rischbieth said in a statement that part of the reason for the bond issue was to help to integrate the Central American stock exchanges into a viable financial market, paving the way for other firms to raise capital from investors across the regions.

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