Sudameris Bank S.A.E.C.A., once again marks its presence in the securities market with its fourth Subordinated Bond Issuance Program for USD 10 million, aimed at expanding the financial resources base to meet the expected growth in the coming years for the different economic sectors linked to the Bank's products and services.
CADIEM Casa de Bolsa S.A. has been the intermediary in charge of accompanying the registration and placement process of the Global Issuance Program before the corresponding entities. Ms. Natalia Trinidad, Commercial Manager of CADIEM, commented that the series issued in this opportunity was for a value of USD 10 million with a rate of 4.50% at 10 years term. The series was placed at 100% on the day of the issue.
In addition, Mr. Conor David McEnroy, President of Sudameris Banks, commented that the issue has the Risk Rating of AA-py The challenges are to continue to strengthen its competitive position along with consistency in its portfolio generation capacity and quality, considering an economic context in recovery after the restrictions caused by the pandemic.
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