Recherche FAQ - Punta Vista

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Punta Vista Park is a multi-phase real estate development project in Costa Rica, combining residential lots, villas, eco-living units, senior living, and commercial areas within a master condominium of approximately 129 hectares.

The Luxembourg bond issue is intended primarily to finance the infrastructure of the first phase of the project (roads, utilities, water treatment, etc.), which are essential to enhance the value of the land and support progressive sales.

The Issuer will be structured as a single-purpose vehicle. Its articles of association and transaction documents will restrict its activities to the issuance of the bonds and related transactions, with no other indebtedness except as expressly permitted under the bond documentation. Standard structural features (limitations on additional debt, no guarantee of third‑party obligations, non‑petition and limited recourse language where appropriate) will be implemented to strengthen its insolvency‑remoteness, subject to Luxembourg counsel input.

The Luxembourg bond issuer is not a standalone company but a dedicated compartment within an existing Luxembourg securitization platform.

More specifically, the bonds are issued by RE 4 ALL S.A. – Compartment “ADVANCED”, which is a legally segregated compartment within a securitization vehicle operated by Opportunity Financial Services S.A.

Opportunity Financial Services S.A. is a Luxembourg company holding a valid business license (n° 06/18) and operates under the supervision of the CSSF as a professional securitization platform provider.

Each compartment within the platform constitutes a ring-fenced patrimony under Luxembourg securitization law, with assets and liabilities legally segregated from:

other compartments, and the general estate of the platform itself.

The compartment “ADVANCED” is exclusively dedicated to this transaction and is the sole issuer of the bonds related to the project.

As such, the investors’ exposure is strictly limited to the assets and cash flows of the ADVANCED compartment, and not to any other activity of the platform.

Details regarding the share capital and shareholders relate to Opportunity Financial Services S.A., the platform owner, rather than to the compartment itself, as compartments do not have separate legal personality under Luxembourg law but benefit from full statutory segregation.