Learn about Puerto Rico Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (AFICA) including our News & Press Releases, AFICA Financed Projects, and Team.
Have questions? Reach out to us directly.
Learn about Puerto Rico Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (AFICA) including our News & Press Releases, AFICA Financed Projects, and Team.
The Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority (the “Authority” or “AFICA) is a public corporation and instrumentality of the Government of Puerto Rico, pursuant to Act No. 121 enacted on June 27, 1977 (the “AFICA Enabling Act”). AFICA is an integral economic development instrumentality of the Government of Puerto Rico by acting as a conduit financing entity that facilitates the financing of educational, medical, environmental, agricultural, tourist, commercial, and industrial projects that are eligible to be financed using AFICA as per the AFICA Enabling Act.
As a conduit financing entity, AFICA can issue public bonds issuances or bonds as private placement issuances. The proceeds of the AFICA bonds are then loaned as an AFICA loan under a loan agreement to an eligible project.
AFICA can also act as a conduit entity under credit facility(facilities) provided to AFICA by a financial institution(s) or an institutional investor(s). The proceeds are then loaned as an AFICA loan under an AFICA loan agreement to an eligible project.
AFICA financings are not guaranteed by the Government of Puerto Rico nor any of its governmental entities.
Have questions? Reach out to us directly.
