{"investor_group_id":"1","date_received":"2025-12-20","question_original":"What is the exact contractual and ownership relationship between the Luxembourg issuer and the Costa Rican entities holding the land?","internal_owner_id":"1","draft_answer":"Bond proceeds will be on\u2011lent or otherwise channelled from the Issuer to the Costa Rican project entities under back\u2011to\u2011back funding arrangements. The Costa Rican landholding entities will grant first\u2011ranking mortgages and other local security interests directly in favour of a security agent or trustee acting for the benefit of the bondholders. The ownership chain between the Issuer, any intermediate holding entities and the Costa Rican SPVs will be clearly documented so that enforcement on the collateral remains as direct and transparent as possible for investors.","final_answer":"V: ok pour moi","status":"In progress","priority":"Medium","version":"V1 2025\u201112\u201122","update_date":"2025-12-23","linked_faq_id":"3","notes":"","updated_at":"2025-12-23 12:16:20"}