Investing in public securities will give pension funds operators better returns for their clients, since these projects typically offer additional profits.
Regulations on public investment securities, for projects over $ 3,600 million, expect to assist in funding such projects.
The article by Juan Pablo Arias, from Nación.com, says: "As for public investments, these emissions which are considered long term, would be designed for five or more years. The increment in supply of these instruments will be held by institutional investors as well as pension operators, which need investment in vehicles with this maturity range."
A group of executives of financial institutions are working with the Central Bank in search of solutions to the stock market stagnant growth.
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."
Costa Rica approved a system to finance the construction of public works via trusts and securitization.
Approved by supervisor Conassif, the mechanism comprises the creation of “Issuing Trusts”, which will issue securities in the local market. Said securities must be priced $50.000 or more, and may only be bought by sophisticated investors.
Receive more news about Capital Markets
Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.