BICSA launches $50 million debt issue

The International Bank of Costa Rica (Banco Internacional de Costa Rica) has launched a debt issue in Panama with a maturity of three to five years.

Monday, June 16, 2008


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With capital payments on maturity and quarterly interest payments the issue will be for 50 million dollars in series.
The issue, whose interest rate will be previously agreed to upon placement, is currently being subscribed.
Fitch Ratings has assigned it a rating of A+(pan) at the time of issue, while putting the rest of the ratings at A+(pan) for the long term and F1(pan) for the short term, with a "stable" outlook.
The ratings of Bicsa reflect commercial and operations support from its main shareholder, the Bank of Costa Rica.

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Costa Rica: $500 million in Treasury bills

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Attractiveness of Honduran Debt Falls

October 2012

Analysts are warning that Honduran private banks are loosing interest in the debt certificates of the government, which has saturated the market with its bond issues.

In an article in Elheraldo.hn the president of the National Commission of Banks and Insurance (CNBS), José Luis Moncada, notes that "The bond saturation is of concerned to representatives of private banks, which already have enough bonds.

State Bank Issues Bonds for $1 billion

October 2013

Costa Rica's National Bank has issued on the international market $500 million five-year and $500 million ten year bonds with interest rates of between 5.3% and 6.5%.

For now the National Bank of Costa Rica (Banco Nacional or BNCR) will not refer to the operation due to limitations of the U.S. regulation under which the issue will be performed.

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