Hencorp to pioneer securitization in El Salvador

Hencorp Valores, set up in Miami with Salvadoran capital, is to become the first company in El Salvador to offer securitization of mortgage and debt portfolios.

Monday, July 21, 2008

Hencorp is the first company to be approved by the market regulator to handle business under a Securitization Law that came into force last November.

More on this topic

Another $50 million Securitization for Roadworks

October 2013

The Road Maintenance Fund of El Salvador launched a second sale of securities worth $50 million on the stock exchange.

In May the Road Maintenance Fund (FOVIAL) had already raised $50 million and it is now looking for more funds with a new securitization this week.

This fund, just like the first one, will be placed in two tranches, the first "...

Securitization of Municipal Government Income in El Salvador

April 2013

A proposal has been made that the municipalities seek financing by securitizing their income, requiring information on their financial capacity.

From a press release issued by the Legislative Assembly of El Salvador:

The Finance Commission today launched the consultation phase for a draft amendment to the Law on Securitization of Assets, to hear the views and comments of the leaders of the Superintendency of the Financial System (SSF), the Central Reserve Bank (BCR), the Stock Exchange of El Salvador (BVES), and institutions specializing in asset securitization HENCORP Valores, S.A. and RICORP Titularizadora S. A.

Securitization the Preferred Choice in El Salvador

August 2012

These stock market instruments allow for monetary resources to be obtained immediately, guaranteeing future cash flows for the projects implemented with the credit acquired.

In an article in Elsalvador.com the president of the Stock Exchange of El Salvador (BVES), Rolando Duarte, "says that securitization has been booming in recent years because it is an efficient mechanism, which has become an additional source of financing for companies and institutions. "

$ 2.5 Million Securitization for Project in El Salvador

November 2010

The securitization project to redevelop the facilities of the French School is the first of its kind in the Salvadoran Stock Exchange.

Hencorp Securities carried out the process by issuing the securities, "some of the features of the placement are a 6% yield (with a 7% ceiling) and a repayment period of 10 years," says Laprensagrafica.com.

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