Guatemala will begin bonus debt placement

The new government of Guatemala remains in preparations to begin with the distribution of bonus debt in the South American country. The placement of the debt, authorized by Congress and the Ministry of Finance (Minfin) will begin with Treasury bonds for the year 2020 for about 18 thousand 418 million Quetzal.

Initially, the government on duty began this Monday with the publication of the regulations for the Issuance, Negotiation, Placement and payment of the Treasury Bond Service, agreement 20-2020 in the Diario de Centro América.

According to the entity that registers these operations in the Minfin called Public Credit Department will place the quota of Q18 thousand 418 million by 2020.

The new issue will be Q14 thousand 207 million and Q4 thousand 211 million correspond to collections or roll over, which are titles that expire, but will be relocated to the market.

The placement of the bonus debt is that the State collects funds in the market through the distribution of the Treasury securities and in exchange pays an interest rate to the holders at a certain time. These resources are used for public spending.

K.Villarroel

Source: prensalibre