CR Hydro Project Targets Loan ABS

CR Hydro Project Targets Loan ABS

Costa Rica Bonds Structured Finance

The Reventazon hydroelectric project sponsored by Costa Rica’s Instituto Costarricense de Electricidad (ICE) is planning to raise $415m through a cross-border corporate securitization of a project loan, according to people familiar with the plans. The 20-year senior secured RegD/RegS notes, issued by the Reventazon Finance Trust (RFT) entity, are backed by a 100% participation interest in a 20-year B-Loan from the Inter-American Development Bank (IDB), according to ratings reports. The B loan is

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial