Companies from the real estate, shrimp, industrial and technological sectors made issues in the stock market for more than $60 million to finance themselves. Thus, the Guayaquil Stock Exchange (BVG) made five bell rings in the first quarter of 2022.
The institution considers that this evidences the trust that is being placed in the sector, which in 2021 registered a growth of 32% compared to the previous year. And that it is also confirmed that the stock market is an attractive financing alternative for strategic sectors.
Stock market closed 2021 with $15,702 million, 32% more than 2020
Pichincha Mutualist was one of the companies that used this mechanism and the one that issued the largest amount. It was his fifteenth process of securitization of the “Commercial trust for housing of social and public interest Mutualista Pichincha 4” for $45.2 million.
Its general manager, Juan Carlos Alarcón Chiriboga, highlighted that within the framework of the 60 years of institutional life that the company celebrates this 2022 “this bell ringing in the BVG, fifteenth of securitization and fourteenth of housing portfolio, is highly representative, strong and reflects the nature of Mutualista Pichincha within the country’s stock market”.
Four other companies resorted to the stock market between last February and March, according to information provided by the Guayaquil Stock Exchange.
Worldwide Investments and Representations Winrep SAa company in the aquaculture sector, announced its first bond issue for the amount of $7 million.
Representatives of the company highlighted the exponential growth of the sector and in exports. Its president, Carlos Gómez, stated that “the support of the Guayaquil Stock Exchange has been a very pleasant experience at an emblematic moment for the company. We have a lot of confidence in the market and vice versa, which represents growth for the company and for the country”.
Empagran carried out a third issue on the stock market for $20 million; the BVG celebrated it with its first bell ringing
For Energy control SAa company focused on the development of projects that promote energy efficiency, was its second issuance of long-term obligations for the amount of $1.1 million.
With the aim of achieving energy sustainability in Ecuador and contributing to the country’s electrical development, the company is betting on the stock market as an interesting financing alternative. “Currently we see that individuals and companies are interested in investing in projects that are profitable and at the same time have a content of social responsibility and care for the environment. We consider this issuance to be successful since it was sold in less than 24 hours, which fills us with great satisfaction”, highlighted Jorge García Uribe, general manager of Energycontrol.
Salcedo Motors it also carried out the second bond issue for $3 million and these resources will be used to purchase inventory, with high quality products, very competitive in the market and accessible to its customers. Its general manager, Pedro Arcentales, told investors “to trust Salcedo Motors, since this action will help us grow and maintain the development of our country.”
For Dupocsa Chemical Protectors for the Field SA, from the agrochemical sector, was its fourth issuance of long-term bonds for the amount of $5 million. These resources will be used to restructure liabilities and improve the working capital required for the next stage of growth this year. “The reason why we are once again at the BVG making this bond issue is because it is a very agile instrument for us and allows us to have access to financial resources that we would not otherwise be able to have,” said the general manager of the company, Juan Manuel Pérez.
The Guayaquil Stock Exchange has been ringing the bell since September 2021, which is a tradition of the world’s great stock exchanges, as a way of celebrating the incursion and investment of companies that trust in the stock market sector. And in these seven months the BVG has made 16 bell rings. (I)
Source: Eluniverso
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