Hydro ABS Approaches Pricing

Hydro ABS Approaches Pricing

Costa Rica Bonds Loans Project & Infrastructure Finance

The Reventazon hydroelectric project sponsored by Costa Rica’s Instituto Costarricense de Electricidad (ICE) has opened bids from investors for a planned $415m 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.

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