$ 2.5 Million Securitization for Project in El Salvador

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

Monday, November 29, 2010

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.

Rolando Duarte, president of the Stock Exchange of El Salvador, told the media that securitization is a vehicle for companies and organizations to finance their projects.

More on this topic

El Salvador: $37 million in Securitization

December 2011

In the last 11 months, 4 projects have netted $37 million using this mechanism.

Municipalities and schools are some of the entities that have used, successfully, sales of bonds backed by income streams, in order to finance their projects.

This has been revealed from data from the Salvadoran Stock Exchange which announced that to date, more than $37 million has been raised using this method of financing.

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.

Public Works Securitization

March 2010

Costa Rica still faces obstacles to implement this mechanism, regarded as the best alternative for funding public works.

Public works securitization is once again being discussed, as the upcoming Tourism Minister stated it will be used to fund a new National Conventions Center.

Hencorp to pioneer securitization in El Salvador

July 2008

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.

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.

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