The Superintendence of Securities and Insurance Companies approved the first bond issue of Aglomerados Cotopaxi S.A. for an amount of USD 6,000,000.00 through Resolution No. SCVS-IRQ-DRMV-2020-00004275 dated July 22, 2020.
After the financial and risk analysis, the bond issue of Aglomerados Cotopaxi S.A. received one of the best AAA ratings, evidencing the strength of the company.
Picaval Casa de Valores accompanied the advisory and structuring process of this issue.
Aglomerados Cotopaxi S.A. is a company with more than 40 years of experience, specialized in the production of chipboard, MDF, solid wood products and moldings. It maintains a forest heritage of 17,655 hectares, managed under strict standards and its FSC® (Forest Stewardship Council) certification supports responsible forest management
The incursion of Aglomerados Cotopaxi S.A. in the stock market, is an important achievement of the company, it constitutes an attraction of investment at national level, and an added value for the corporate image.