Nicaragua

Promerica Group Issues US $200 Million in Bonds

Promerica Financial Corporation, majority shareholder of Banpro [the largest bank in Nicaragua], announced the launching of an international issue of 200 million dollars in six-year bonds, “documented under New York law, and registered on the Luxemburg Stock Exchange,” informed the financial group.

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Police Presence in Managua Shopping Centers Rejected

The Managua shopping center Galerias Santo Domingo explained in a statement that “it has not requested a police presence” in its facilities after the extensive police deployment in this mall last weekend caused “concern and fear to its visitors, tenants and employees.”

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Nicaragua Now Under Undeclared State of Siege

Under the orders of president Daniel Ortega, the Nicaraguan police revealed today that they will mobilize 15,000 officers in a “special security plan” and warned that they will not “ask anyone’s permission” to enter shopping centers that have been the scene of opposition protests.

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Land Takeovers Further Muddy the Panorama in Troubled Nicaragua

The assault on private property extends across eight departments in the country. According to complaints received by the Nicaraguan Union of Agricultural Producers (UPANIC), more than 5,000 hectares of rural and urban lands are currently in the hands of armed groups that have seized them with the government’s consent.

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