Honduras News – Daily News about Honduras

Honduran Grupo Financiero CrediQ has sold $20m in global bonds, reports Latin Finance.

The group specializes in auto-lending and operates in Honduras, Costa Rica, El Salvador and Panama. Two-year bonds were priced at 99.095 to yield 8.250%. Proceeds will be used for general corporate purposes. BCP Securities managed the deal structured according to Reg.S.

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Banco Popular Covelo bank has proudly announced that General Manager, Engineer Luis Fernando Gómez Gómez, was invited to sign Banco Popular Covelo’s integration into the prestigious association of the Honduran Association of Banking Institutions (AHIBA).

Through this integration, Banco Popular Covelo is consolidated in the market as an institution that seeks to work in a coordinated manner with banks in general, and contribute to the social welfare and development of Honduras.

Banco Popular Covelo was built on a vision of creating a bank specialized in microfinance with a goal of serving the working capital and home improvement needs of microentrepreneurs. Their membership in the AHIBA was commemorated yesterday at the institutions general assembly.

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A provision of $ 288 million was approved for Honduras by the Central American Bank for Economic Integration (BCIE).

The funding was confirmed yesterday. Minister of the Presidency, Marie Antoinette Bogran Guillen, said that the funds approved in record time, will serve to boost social programs during the administration of President Porfirio Lobo.

Some of the funds will be allocated as follows: 150 million for the program of education, health, and nutrition, 85 million to cover school meals programs, 12.2 million for the implementation of food safety policies, and additional 30 million for other social programs.

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