Saturday, 22 April 2023 03:59

El Salvador announces first operation in the Central American Securities Market

Written by Evelyn Alas

The minister of Finance, Alejandro Zelaya, announced today that El Salvador will launch the first operation in the Central American Securities Market, which will be executed together with the Central American Bank for Economic Integration (CABEI).

"In conversations with President Dante Mossi, we have agreed to launch the first debt operation in the Regional Securities Market, which will also be guaranteed in part by CABEI", said minister Zelaya.

According to the minister, this is a 3 to 5 year issue for an amount between US$50 million and US$75 million. This important initiative has been worked on with the El Salvador Stock Exchange, which is ready to integrate the system with the other Central American entities, and the issue is expected to be carried out in a few months.

"We believe that the milestone of debuting an issue in the Regional Securities Market is important for the country, we believe that the Central American stock market has potential, we expect more countries to join", said minister Zelaya.

As of march 2022, El Salvador became the new headquarters of the Regional Securities Market in Central America, a project that creates a new debt market in the region to which Central American countries and investors will have access, creating a new financing and investment option for them.

This operation seeks to boost Central America's new stock market, which amounts to more than $120 billion annually, by providing favorable financial conditions for the region's countries to meet their emerging needs, such as those related to climate change, strategic projects, and financing their public policies.

 

 

Translated by: A.M