200 million in debt titles of the BCE for the payment of debts are ready

Central Bank securities valued at $ 200 million and issued by the Ministry of Finance to pay debts with autonomous governments and public suppliers are tradable from today on the stock exchange.

As anticipated by daily Expreso last week, these emissions will be opened, ie will be accessible to other buyers who have debts with the Internal Revenue Service, since the titles will only serve to pay taxes or to constitute the minimum liquidity reserve in the case of banks.

The issuance was registered yesterday evening in the stock market and from today will be negotiable for 360 days, according to the order of registration. They will have a “zero coupon” interest, according to the indications of the resolution of the Central Bank of Ecuador (BCE for its Spanish acronym), that requests the registration on stock exchanges in Quito and Guayaquil.

The Internal Revenue Service already published on Friday the standard so that TBC can be used to pay taxes.

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8811757&idcat=38229&tipo=2