Juan E. Notaro Executive President of FONPLATA – Development Bank At the end of 2020, I wrote in these pages that the future we had foreseen at the beginning of that year was not going to be as expected. The pandemic had arrived to test health systems, economies, and solidarity around the world. Due...
On Monday, November 1, FONPLATA issued bonds for CHF 150 million (equivalent to USD 164 million) with a 7 year-term and a 0.795% coupon rate. This is the bank's second issuance in 2021 in the Swiss capital market and it stands out for the favorable conditions, both maturity date and coupon rate. The...
Juan E. Notaro Executive President of FONPLATA – Development Bank An old joke that is frequently recycled in the Latin American political environment is that of the ruler addressing his people and stating: “Yesterday we were on the edge of the abyss. Today we have taken a step forward!”...
Rating agency Standard & Poor´s upgraded FONPLATA´s long term credit rating to ´A/A-1´ from ´A-/A-2´, given its stronger presence in Latin America and strengthened risk and operational capabilities, placing FONPLATA among the best in Latin America S&P said in a statement that FONPLATA has...
Juan E. Notaro Executive President of FONPLATA – Development Bank One of the statements we heard most at the beginning of the pandemic was that “COVID does not affect young people”. Unfortunately, the virus’ Delta variant and the economic consequences of the health emergency have proven that such...