March 31, 2017 |
The IIC has unveiled a local bond program in Paraguay, looking to provide more than PYG1bn ($177m) in financing for companies and projects.
The bonds, issued on the BVPASA stock exchange in Asuncion, will focus on raising funds for telecommunications, agribusiness, infrastructure and financial institutions, the IIC said in a statement. The bonds will carry either fixed or variable interest rates, it added.
Paraguay's social security agency IPS has expressed interest in participating in the bond
Multilateral says it plans to issue local currency notes to finance telecommunications, agribusiness, infrastructure and financial institutions