Securitization of Bank TransfersThe bank BAC San José de Costa Rica has issued $210 million at a 7-year term securitizing the flow of deposits received from abroad in corporate accounts in the form of remittances or payments for exports or imports.Monday, November 24, 2014
Although the bank did not specify the interest rate for the issue, Gerardo Corrales, general manager of the company, told Elfinancierocr.com that "... it is a fixed return." Source: elfinancierocr.com ¿Busca soluciones de inteligencia comercial para su empresa?Citi and HSBC to Issue $1.5 Billion in EurobondsSeptember 2019 Costa Rican authorities informed that Citi Global Markets and HSBC Global Banking will be the placement banks and financial advisors that will accompany the country in the process of issuance of securities and management of liabilities in the international market. Government Urged to Extend DebtNovember 2018 At the end of 2018, the Costa Rican government needs about $1.5 billion to pay salaries, transfers and debts to state creditors. El Salvador 2014: Remittances Up 6.7%January 2015 In 2014 the country received $4.217 billion in remittances, $263.6 million more than in 2013 and for the first time surpassed the $4 billion mark. El Salvador: Securitization of Remittance FlowsApril 2014 Banco Promerica has raised $25 million from the future flow of receivables generated by remittances from Salvadorans living abroad.
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