Vicesa will Invest in Upgrading its Plant

The $20 million obtained through bond sales will be used to upgrade production facilities and paying short term debts.

Tuesday, August 11, 2009

Vidriera Centroamericana (Vicesa) is a Costa Rican company that produces glass casings. It will spend $7.8 million in purchasing technology to increase productivity in its facilities.

"The remaining $12.2 million will be used to pay short term obligations in dollars. This was the first bond sale done by the company, and its underwriter was E3 Corp", reported Nacion.com.

More on this topic

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The company Vidriera Centroamericana SA will be taking out a bank loan to pay its corporate bonds listed on the stock market and is disenrolling as an issuer of public shares.

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Vicesa Acquires Share in Vidrios Panameños

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Vidriera Centroamericana S.A. (Vicesa), a Costa Rican glass company, acquired 35.6% of Panamanian similar Vidrios Panameños (Vipasa).

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VICESA Completes $20 Million Bond Issue

August 2009

The company, known as "Vidriera Centroamericana S.A.", obtained $20 million debt financing at the Costa Rican Stock Exchange.

Its public auction of bonds was completed for a total $20.295.488, the average price being 101.48.

The Costa Rican company, who engages in fabrication, commercialization and export of glass casings, used the Securities Market to transform short term debts into medium and long term ones.

New Participant in the Securities Market

July 2009

Vidriera Centroamericana S.A. will do a public offering of $20 million in the Costa Rican Stock Exchange.

Vidriera Centroamericana S.A. (Vicesa) will list 4 series of standardized debt in the Costa Rican Stock Exchange, in either July or August.
The company engages in the fabrication, marketing and export of glass recipients, and is from Costa Rican origin.

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