Bonos Corporativos Vendidos en Honduras

 

NBEBQ AB^YB^DPKWBQ WCE@K@BQ CE FBE@S^DQ ²Añob fdace mbs Ndeabs `c Fbe`urds pdrd md vcetd `c mbs nbebs Abrpbrdtkvbs2

Qc `cnce schukr mbs skhukcetcs pdsbs< d. Ymdetcdokcetb `c md bpcrdakñe<

Yrkocrdocetc, md pcrsbed edturdm b lurï`kad ketcrcsd`d fdnmd abe cm Ndeab d acrad `c su ecacsk`d` `c gkedeakdakñe. Cm Ndeab fdac ue deämksks `cm Cstd`b Gkedeakcrb `cm sbmkaktdetc. Cvdmüd sk md cokskñe `c nbebs cs d`caud`d y sk md abopdôïd auopmc abe mbs rcquksktbs pdrd sdmkr dm ocrad`b. n. Deämksks `c ”rdtkeh‟ y cmdnbrdakñe `c `bauocetdakñe<

Ydrd sdmkr dm ocrad`b, cs rcaboce`dnmc quc md abopdôïd tcehd md admkgkadakñe `c ued dhceakd `c rdtkeh, ce cm adsb `c eb abetdr abe cmmd tb`dvïd, cm Ndeab cxdoked cm arë`ktb `c md abopdôïd y, ce gueakñe `c su scatbr, mc ke`kad quc dhceakds `c rdtkeh sbe mds oäs d`caud`ds, `urdetc tb`b cstc prbacsb md coprcsd cstä ndlb cm dscsbrdokcetb `cm Ndeab. a. Yrcscetdakñe d kevcrsbrcs ”^bd`sfb ”^bd`sfbw‟ w‟

Qbe rc Qbe rcue uekb kbec ecs s ab abe e mbs mbs kevc kevcrs rsbr brcs cs gk gked edea eakc kcrb rbs s pd pdrd rd ab abeb ebac acrr cm oc ocra rad` d`b b gkedeakcrb, mbs pmdzbs y prcakbs. `. Qdmk`d `c md cokskñe<

Sed vcz quc sc fd `cak`k`b quc sc vd d rcdmkzdr md cokskñe pbrquc cxkstc ketcrës cetrc cm Ndeab y md Abopdôïd y nusade ued vcetded `c bpbrtuek`d`, sc cstdnmcac md gcafd `c md cokskñe.

²Tuë adrdatcrïstkads tkcece cstbs nbebs, obetbs, pmdzd, tdsd y tb`b mb quc mbs k`cetkgkquc2

Mds prkeakpdmcs adrdatcrïstkads sbe< Wdmbr ebokedm (obetb)

Cm vdmbr ebokedm cs md adetk`d` `c `kecrb quc cm tktumdr `c ue nbeb bntce`rä trds cm vceakokcetb `cm oksob. Se nbeb `c eucvd cokskñe pbr mb hcecrdm sc vce`c d su vdmbr ebokedm. Mbs nbebs abrpbrdtkvbs ebrodmocetc tkcece ue vdmbr ebokedm `c 4.999 $ b su cqukvdmcetc ce Mcopkrds, pcrb cstd adetk`d` puc`c scr ouafb odybr ce cm adsb `c mbs nbebs sbncrdebs. Mb quc abegue`c d ouafds pcrsbeds cs quc cm vdmbr ebokedm eb cs cm prcakb `cm nbeb. Cm prcakb `c ue nbeb gmuatüd schüe ued scrkc `c vdrkdnmcs (oäs d`cmdetc sc fdnmdrä oäs dm rcspcatb). Aude`b ue nbeb abtkzd d ue prcakb pbr ceakod `cm vdmbr ebokedm, sc `kac scr md vcetd `c ue nkce csadsb. Aude`b ue nbeb vce`c pbr `cndlb `cm vdmbr ebokedm, sc `kac quc sc vce`c abe `csaucetb.

 

Pkpb `c Ketcrës (aupñe)

Cm ketcrës cs md adetk`d` quc cm tcec`br `c nbebs rcaknkrä abob pdhb `c ketcrcscs. Qc `ceboked ”aupñe‟ pbrquc d vcacs fdy aupbecs gïskabs quc sc adelcde pbr ketcrcscs. Qke condrhb, cstb crd oäs aboüe ce cm pdsd`b. Fby ce `ïd,, cs oäs ebr `ïd ebrodm odm od odetc etcecr ecr ue rch rchkst kstrb rb cmc cmcatr atrñek ñekab ab.. Abo Abob b sc oce oceakb akbeñ eñ detcrkbrocetc, pdrd md odybrïd `c mbs nbebs sc pdhde ketcrcscs ad`d scks ocscs, pcrb cs pbsknmc quc tdonkëe sc fdhde pdhbs ocesudmcs, trkocstrdmcs b deudmcs. Cm aupñe sc cxprcsd abob ue pbracetdlc `cm vdmbr ebokedm. Qk ue nbeb pdhd ue aupñe `cm 49% y su vdmbr ebokedm cs `c 4.999 $, cetbeacs tce`rä quc pdhdr 499 $ `cm ketcrës `c ue dôb b ce adsb quc scde Mps 4999 tce`rïd quc pdhdr Mps 499 `c ketcrës. Se tkpb quc sc odetkcec abob ue pbracetdlc gklb `cm vdmbr ebokedm cs ue nbeb d tkpb gklb. Btrd pbsknkmk`d` cs ue pdhb `c ketcrës dlustdnmc, abebak`b abob ue nbeb d tkpb vdrkdnmc. Ce cstc adsb cm tkpb `c ketcrës cstä mkhd`b d mbs tkpbs `c ocrad`b d trdvës `c ue ïe`kac, abob cm tkpb `c mds Mctrds `cm Pcsbrb. Qc pb`rïd pcesdr quc mbs kevcrsbrcs tce`räe quc pdhdr  oäs pbr ue aupñe dmtb quc pbr ueb ndlb. Ce khudm`d` `c abe`kakbecs, ue aupñe oäs ndlb skhekgkad quc cm prcakb `cm nbeb gmuatudrä oäs. Wceakokcetb Md gcafd `c vceakokcetb cs md gcafd ce md quc sc pdhdrä dm kevcrsbr. Mbs vceakokcetbs puc`ce vdrkdr `cs`c ue `ïd fdstd 19 dôbs (duequc sc fde mmchd`b d coktkr fdstd `c 499 dôbs). Se nbeb quc vceac ce ue dôb cs ouafb oäs prc`caknmc y pbr mb tdetb `c ocebs rkcshb quc ue nbeb quc vceac ce >9 dôbs. Ybr cmmb, ce hcecrdm, audetb odybr scd cm pmdzb `c vceakokcetb, odybr scrä cm tkpb `c ketcrës. D`coäs, ce khudm`d` `c abe`kakbecs, ue nbeb d mdrhb pmdzb vdrkdrä oäs quc ueb d abrtb pmdzb. Wceakokcetb

Md gcafd `c vceakokcetb cs md gcafd ce md quc sc pdhdrä dm kevcrsbr. Mbs vceak vc eakokc okcetb etbs s pu puc`c c`ce e vdr vdrkdr kdr `cs `cs`c `c ue `ïd fds fdstd td 19 dôb dôbs s (du (duequ equc c sc fd fde e mmchd`b d coktkr fdstd `c 499 dôbs). Se nbeb quc vceac ce ue dôb cs ouafb oäs prc`caknmc y pbr mb tdetb `c ocebs rkcshb quc ue nbeb quc vceac ce >9 dôbs. Ybr cmmb, ce hcecrdm, audetb odybr scd cm pmdzb `c vceakokcetb, odybr  scrä cm tkpb `c ketcrës. D`coäs, ce khudm`d` `c abe`kakbecs, ue nbeb d mdrhb pmdzb vdrkdrä oäs quc ueb d abrtb pmdzb. Coksbr

Cm skstcod `c admkgkadakñe `c mbs nbebs dyu`d d mbs kevcrsbrcs d `ctcrokedr cm rk rkcs cshb hb `c arë` arë`kt ktb b `c ue ued d co copr prcs csd. d. Md ad admkmkgk gkad adak akñe ñe `c nb nbeb ebs s sc pu puc` c`c c abesk`crdr cm kegbroc `c admkgkadakñe `c arë`ktb `c ued coprcsd. Cl Clco copm pmb b `c ue nb nbeb eb ab abrp rpbr brdt dtkv kvb b `c Nd Ndea eab b Ar Arc` c`bo bodt dtka ka `b `be` e`c c pb pb`c `cob obs s vksudmkzdr sus prkeakpdmcs adrdatcrïstkads. NBEBQ AB^YB^DPKWBQ CE OBEC@D EDAKBEDM

QC^KCQ ”C‟, ”G‟, ”H‟, ”F‟ y ”K‟

 

Qcrkcs y Obetbs d Abmbadr

Mbs kestruocetbs scräe coktk`bs ce Qcrkcs ”C‟, ”G‟, ”H‟, ”F‟ y ”K‟ ce obec`d edakbedm abe ue vdmbr ebokedm `c Se Okm Mcopkrds (M 4,999.99) ad`d ueb, oksobs quc scräe rcprcscetd`bs ce gbrod hmbndm pbr ue odarb tïtumb `c ad`d Qcrkc.

Obetb `c ad`d Qcrkc<

AKEASCEPD AKEASC EPD [ BAF BAFB B OKM OKMMBE MBECQ CQ QCK QCKQAK QAKCEP CEPBQ BQ OKM MCO MCOYK^ YK^DQ DQ (M. (M.36, 36, 799,999.99) ad`d ued. Obetb Oïekob `c Aboprd<

Mds Qcrkcs ce obec`d edakbedm sc abmbadräe ce obetbs oïekobs `c Akeaucetd Okm Mcopkrds (M 39,999.99) b ce oümtkpmbs `c Se Okm Mcopkrds (M 4,999.99) pdrd adetk`d`cs supcrkbrcs. Pdsd `c Ketcrës

Md tdsd `c ketcrës quc dpmkadrä pdrd mds Qcrkcs ”C‟, ”G‟, ”H‟, ”F‟ y ”K‟ pdrd cm pcrïb`b `cm 4>d `c lumkb >948 dm 4> pbe`crd`d `c cecrb >946 cs `cm 6.839% deudm, md audm abrrcspbe`c md tdsd prboc`kb `c mds tdsds deudmcs `c ketcrës ebokedmcs `c mbs `cpñsktbs d pmdzb ce obec`d edakbedm `cm skstcod gkedeakcrb edakbedm `cm ocs oäs acradeb oäs ue `kgcrceakdm `cm 9.83% oksob quc sc odetce`rä gklb `urdetc md vkhceakd `c cstds Qcrkcs. Md tdsd `c ketcrës d`bptd`d scrä rcvksdnmc scocstrdmocetc y `kafd rcvkskñe sc fdrä ce ndsc d md gcafd `c cokskñe `c ad`d Qcrkc fdstd su vceakokcetb, dlustde`b md tdsd `c rcgcrceakd d`bptd`d dm obocetb `c abmbadakñe. Ydhb `c Ketcrcscs

Prkocstrdmocetc schüe md gcafd `c abmbadakñe `c mds Qcrkcs (4> `c batunrc, 4> `c cecrb, 4> `c dnrkm, 4> `c Lumkb) fdstd su vceakokcetb. ^c`ceakñe Detkakpd`d

Eb cxkstce ocadeksobs `c rc`ceakñe detkakpd`d pbr pdrtc `cm Coksbr, ske condrhb, mbs vdmbrcs puc`ce scr echbakd`bs ce ocrad`b scaue`drkb.

²Dtrcvcs `c qukce sc fde abmbad`b ce Fbe`urds2

Se abouekad`b `cm NAKC, `ctdmmñ quc mbs tïtumbs gucrbe abmbad`bs cetrc mbs prkeakpdmc prkea kpdmcs s kevcr kevcrskbe skbekstds kstds kestk kestktuakb tuakbedmc edmcs s `cm ocra ocrad`b, d`b, keamu keamuyce` yce`b b ndea ndeabs bs y dschurd`brds, d ue pmdzb `c trcs dôbs, abe vceakokcetb ce >94;, y abe ue aupñe vdrkdnmc mkhd`b d mds Mctrds `cm Ndeab Acetrdm `c Fbe`urds (-9,09 pbr  akcetb).

 

Ydrd quë skrvce cstbs d mbs ndeabs quc mbs vce`ce

Mbs nbebs abrpbrdtkvbs sbe ue tkpb `c nbeb coktk`b pbr ued cetk`d` gkedeakcrd abrpbrdakñe `c adräatcr prkvd`b, tkcec abob bnlctkvb fdacr arcacr su echbakb d trdvës `c md rcadu`dakñe quc sc prb`uac dm abocrakdmkzdr cstbs y pbecrmbs d md vcetd. Cstbs nbebs abrpbrdtkvbs mmcvde dsbakd`b ue ekvcm `c rkcshb odybr dm `c pbr  clcopmb mbs nbebs `cm cstd`b, quc sbe rcspdm`d`bs pbr hbnkcreb `cm pdïs y eb pbr cop coprcs rcsds ds prk prkvd` vd`ds. ds. Ce abo abopc pcesd esdakñ akñe, e, mbs ket ketcrc crcscs scs (md rce rcetdn tdnkmk` kmk`d`) d`) prbac`cetcs `c mbs abrpbrdtkvbs sucmce scr odybrcs d mbs `c mbs pünmkabs. Hcecrdmocetc ue nbeb abrpbrdtkvb tkcec adräatcr `c mdrhb pmdzb, abe gcafds `c vceakokcetb sktud`ds dm ocebs dm dôb `c su cokskñe.

fttps9Odeudm%>9Abe fttps9Odeudm%>9Abetdnmc tdnmc %>9EKKG/Qcaakbe%>9W%>9Odeudm%>9KG %>9EKKG/Qcaakbe%> 9W%>9Odeudm%>9KG%>9Gkedm%>9(ob`kgkad` %>9Gkedm%>9(ob`kgkad`b b %>9>4%>9Lumkb%>948).p`g  fttps 940/91/>RFbe`urdsRBggcrkehRAkraumdrRCspd RBggcrkehRAkraumdrRCspdebm.p`g  ebm.p`g