US$50 million boost for Costa Rica's distance-learning university

Costa Rica's State Distance-Learning University, Uned, is going to finance construction of three new buildings through a bond issue managed by Banco Nacional.

Tuesday, June 10, 2008

The issue is expected to provide Uned with some UD$ 50 million for its expansion projects.

More on this topic

Securitization Fails in Costa Rica

June 2012

In November 2010 announcements were made for works worth $760 million to be financed through securitizations which never materialized.

An article in Elfinancierocr.com reports that "In October 2010 a change in the regulation of public offering of securities came into force regulating investment instruments originating from securitization and trusts for public works developments."

Costa Rica: $ 760 million in Securities

November 2010

6 public investment projects, including infrastructure and telecommunications, are ready to be securitized by Banco Nacional.

According to Nacion.com, "Juan Carlos Araya, deputy manager of the Bank, said the six initiatives have already been approved by the Comptroller General of the Republic, and only need to adjust the prospects of new regulations."

Garabito Thermal Power Plant Issues $23 Million Debt

March 2010

The securitization trust which funds the thermal power plant has issued $23.8 million in bonds at Costa Rica’s stock exchange.

The Securitization Fund for Thermal Power Plant Garabito was created to fund the construction and leasing to the Costa Rican Electricity Institute (ICE) of a 200MW thermal power plant.

Securitizations Grow in Costa Rica

April 2009

The demand increases while $200 million in emissions are expected over the next 12 months.

The prices of these instruments have risen in recent weeks, increasing their demand due to the low interest rates for investing in dollars.

Moreover, there are several of these instruments planned for this year, among them one for the customs office in Peñas Blancas and others for the University of Costa Rica, the Costa Rican Institute of Pacific Ports and the Garabito Thermal Project.

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