INVERCASA has structured two public offers in the stock Exchange of Nicaragua (BVN) with the following characteristics:

Lacayo Montealegre Sugar Refinery

It structured, placed and administered a Commercial Paper offer valued at  S$4,000,000.00 (four million dollars), guaranteed with the company's general credit, with terms of between 30 and 720 days. This Commercial Paper was placed in both dollars and córdobas, with both interest and principal to be paid on the due date of the security.

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Tip Top Comercial, S.A.

An issue of Investment Certificates valued at US$1,000,000.00 (one million dollars) was structured, placed and administered. It was guaranteed with the company's general credit with terms of between 30 and 720 days. This Commercial Paper was placed in both dollars and córdobas, with interests to be paid through either quarterly, biannual or annual coupons or together with the principal upon expiration of the security. Empresa Tip Top Comercial, S.A.

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Banks of the National Financial System

INVERCASA participated with its Assessment Services on the issuance and placement of Promissory Notes endorsed by Banks of the Financial System.