Banco Atlántida generates further financing opportunities through its first issuance of publicly traded securities from a leading bank issuer in el Salvador

USD$ 22.5 million is the initial placement of 4 tranches, at 1, 2 and 3 years.

December 12th, 2019, San Salvador. - Banco Atlántida transacted the issuance of its first Publicly Traded Securities Program by US$100 million; of which its initial placement of four tranches at 1, 2 and 3 years amounts to a total of US$22.5 million through the Salvadorian stock exchange market, allowing it to become the first leading bank issuer of publicly traded securities in El Salvador. The foregoing with the objective of obtaining financing funding in the short and medium term.

Mr. Carlos Turcios, Banco Atlántida’s CEO, highlighted: “The issuance of the first Publicly Traded Securities Program represents for Banco Atlántida the opportunity to bolster our commitment with the Salvadorian economic development and still amplify the range of service that has been offered until now, based on technology innovation, certainly. These funds will allow us to finance investment projects that promote the growth of important sectors such as agro-industry, renewable energy, real estate, commerce and others’’.

Mr. Valentín Arrieta, CEO of the Stock Exchange Market congratulates Banco Atlántida, the first bank in El Salvador to use the figure of publicly trade securities. This stock market instrument provides ample flexibility since the total amount of the authorized issuance takes effect again after the fulfillment of the expiration period and once the corresponding tranches had been canceled, which is a characteristic that made it attractive for Banco Atlántida. This is how today its Publicly Traded Securities Program issued by US$ 100,000,000, allows them to access an efficient and competitive financing, according to their needs and proper in terms of amounts and deadlines.

“With the arrival of this program into the stock market, the trust that the Bank has in El Salvador’s stock exchange system has been consolidated based on this market’s quality and transparency to do business,” Arrieta pointed out.

Banco Atlántida in hand with the share market will offer more investment alternatives and will take advantage of the benefits of the non-stock market to inject dynamism to its financial activities, allowing them to move at a steady pace in the future.

As for Attorney Arturo Medrano, Chairman of the Board of Directors of Banco Atlántida, he ratifies the contribution that Banco Atlántida intends to give to the Salvadorian economy by generating growth and development options for the diverse productive sectors of the country.

“The issuance has an investment risk rating of “N-2” in the short term and “AA-” in the long term granted by SCRisk, and an “N-2” in the short term and “A+” in the long term granted by Zumma Ratings, which indicates that it is a stable and secure investment that will not be affected by changes performed on the issuer side, the industry or the economy, exhibiting the solidity and stability of our institution, ” concluded Mr. Carlos Turcios.