VICESA Completes $20 Million Bond Issue
The company, known as "Vidriera Centroamericana S.A.", obtained $20 million debt financing at the Costa Rican Stock Exchange.
Wednesday, August 5, 2009
Its public auction of bonds was completed for a total $20.295.488, the average price being 101.48.
The $20 million obtained through bond sales will be used to upgrade production facilities and paying short term debts.
Vidriera Centroamericana S.A. (Vicesa), a Costa Rican glass company, acquired 35.6% of Panamanian similar Vidrios Panameños (Vipasa).
The Nicaraguan financial company Finnancia Credit is to issue commercial securities in the amount of $5 million on the Panamanian market.
The Costa Rican construction company MECO is preparing issuance of corporate debt worth $50 million, to be placed on the market in Panama.
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