Bonds
Paraguay’s Ueno Looks Beyond Debut Bond Sale to Fuel Loan Growth
The ueno bank SA headquarters in Paraguay.
Source: ueno bank SA
Paraguay’s ueno bank SA sees its record $350 million international bond sale this month as the beginning of a lasting presence in global capital markets rather than a one-time transaction, according to Chairman Juan Manuel Gustale.
The nation’s fifth-largest private bank by deposits, ueno will grow its loan book by as much as 25% this year as it plans to deploy about $250 million from the offering to expand credit to corporate borrowers across the country, the company added.