Instituto Costarricense De Electricidad (ICE) is the national electricity and telecommunications provider in Costa Rica, founded in 1945. It plays a crucial role in the country's energy sector, focusing on sustainable energy generation and infrastructure development. ICE offers a range of services, including electricity distribution, telecommunications, and internet services, making it a pivotal player in promoting connectivity and access to energy across the nation.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| COSICE 6.38% 2043-05-15 USDInstituto Costarricense De Electricidad | Costa Rica | 2043-05-15 | 6.375 | 7.07 |
| COSICE 6.38% 2043-05-15 USDInstituto Costarricense De Electricidad | Costa Rica | 2043-05-15 | 6.375 | 7.07 |
| COSICE 6.75% 2031-10-07 USDInstituto Costarricense De Electricidad | Costa Rica | 2031-10-07 | 6.750 | 5.88 |
| COSICE 6.75% 2031-10-07 USDInstituto Costarricense De Electricidad | Costa Rica | 2031-10-07 | 6.750 | 5.88 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
ICE has a notable history of bond issuances, beginning in the 1990s, as a means to finance infrastructure projects and expand its telecommunications network. One significant issuance occurred in 2013, when ICE raised $500 million through its landmark bond offering, aimed at enhancing its renewable energy initiatives. As of late 2023, ICE's bonds yield approximately 4%, compared to an industry average of 5%, making them an attractive yet lower-risk investment option. Recent developments include a strategic focus on green bonds to support environmental sustainability, reflecting the company's commitment to sustainable development in line with global trends.