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

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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.