Costa Rica Seeks to Activate Stock Market
A group of executives of financial institutions are working with the Central Bank in search of solutions to the stock market stagnant growth.
Monday, November 1, 2010
As outlined in the article in Elfinancierocr.com, "The team is made up of José Rafael Brenes, director of the BNV, Roberto Venegas, financial advisor and ex manager of the Stock Exchange, Lanzo Luconi, president of the National Investment Fund Company , Jose Adrian Vargas, National Treasurer, Thomas Allen, chief financial officer of Florida Ice & Farm, Lucia Fernandez, manager of IBP Pensions and Frederick Ruzicka, Mutual Valores stockbroker."
The securitization trust which funds the thermal power plant has issued $23.8 million in bonds at Costa Rica’s stock exchange.
The demand increases while $200 million in emissions are expected over the next 12 months.
A missed deadline has been missed on an issue of $4 million that was part of the restructuring of bond issues and securities made by the financial company La Generosa.
Risking future income rather than tangible assets is a good choice for investment financing, using working capital or debt restructuring.
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