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, "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."

Amongtopics expected to be addressed are simplification of procedures for company registrations issuing securities, the easement of rules for institutional investors to allocate part of their funds in private corporate bonds and greater use of securitization of public investments.

Almost 90% of the volume traded on the National Stock Exchange is for government debt.

More on this topic

Panama: More "Missed Deadlines" in Stock Market

January 2016

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.

The restructuring of the financial company managed by businessman Jose Luis Ford failed to materialize and now the holders of bonds and securities issued by financial La Generosa will have to wait for the settlement of guarantees administered in a trust before they can recoup their investment.

El Salvador: Boom in Securitizations

November 2011

Risking future income rather than tangible assets is a good choice for investment financing, using working capital or debt restructuring.

Securitization of future income is an instrument used for the first time by the Liceo Frances on El Salvador’s Stock Exchange.

The organization placed its bonds on the market and raised capital to expand its educational facilities.

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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