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Bonds backed by pure life

Headline: Bonds backed by pure lifeSource: EuromoneyDate: July 2001Author: Michael Peterson         Costa Rica: beaches, volcanoes and securitized mortgages Pity the securitization banker, spending endless days in gloomy Detroit or tedious Wilmington, Delaware, arranging auto loan or credit-card deals. Wouldn’t it be better if asset-backed securities were issued from tropical locations with […]

January 1, 2000

Headline: Bonds backed by pure life
Source: Euromoney
Date: July 2001
Author: Michael Peterson

       
Costa Rica: beaches, volcanoes and securitized mortgages
Pity the securitization banker, spending endless days in gloomy Detroit or tedious Wilmington, Delaware, arranging auto loan or credit-card deals. Wouldn’t it be better if asset-backed securities were issued from tropical locations with gorgeous beaches and spectacular volcanoes?

Well now they are. The Central American paradise of Costa Rica has become the latest country to embrace securiti-zation.






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