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 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.

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MECO Construction To Issue $50 million in Debt

February 2015

The Costa Rican construction company MECO is preparing issuance of corporate debt worth $50 million, to be placed on the market in Panama.

From a statement issued by from Fitch Ratings:

Fitch Ratings has assigned ratings to Constructora Meco S.A. (Meco or Company) as detailed below:

Nicaraguan Company To Issue $5 million in Panama

May 2013

The Nicaraguan financial company Finnancia Credit is to issue commercial securities in the amount of $5 million on the Panamanian market.

The Negotiable Commercial Securities (VCN by their initials in Spanish) will be issued in three series with terms of one year and will have an interest rate of 7% per annum for the first series, which was released on April 30 in the amount of $2 million.

Vicesa Acquires Share in Vidrios Panameños

December 2009

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

"Our investment in Vipasa will allow for greater operative synergy between both companies, further technical and administrative cooperation and to better serve a growing market.

Vicesa will Invest in Upgrading its Plant

August 2009

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

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.

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