EMSA Inmobiliaria is reinforcing its position in Paraguay’s financial market through the issuance of corporate bonds on the Stock Exchange — a strategic move that provides solid financial backing for the company and strengthens investor confidence.
With over 30 years of experience, the firm remains committed to transparency and sustainable development.
Administrative Manager Claudia Albertini explained that the current bond issuance represents a key instrument to support the company’s continued growth. “Issuing bonds is truly a source of pride for us, as it represents a tremendous team effort involving every area of the company,” she stated.
Since its registration on the Stock Exchange in 2013, EMSA has built a solid track record. Its first issuance, carried out in 2014, totaled G. 3.8 billion. In 2021, the company reactivated the program with G. 6.5 billion, and in 2023 achieved a significant milestone with an issuance of G. 12 billion, which remains active today.
Albertini outlined that the bond issuance process involves four key stages: company registration with regulatory authorities, definition of the financial program, execution of the issuances, and final placement of the bonds with investors. She highlighted that the second stage — defining the financial program — is the most complex, as it requires internal analysis, financial projections, and the engagement of an external credit rating agency.
“The credit rating process not only analyzes figures but also involves both qualitative and quantitative assessments. It’s an external opinion, and the rating we receive ultimately determines the interest rate we will pay,” she added.
Claudia Albertini, Administration Manager
For EMSA, the Stock Exchange represents a strategic alternative to traditional bank financing. The company’s business model — focused on long-term land sales with financing plans of up to 130 months and investment recovery periods between three and five years — requires access to capital with extended horizons.
With a structured and transparent financing policy, EMSA Inmobiliaria reaffirms its commitment to sustained growth, market confidence, and the strengthening of Paraguay’s real estate sector.
