Costa Rican Central Bank Bonds will be Sold Without Intermediaries

Physical and legal investors can buy Monetary Stabilization Bonds without a seat in the exchange.

Monday, March 2, 2009


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The Central Bank of Costa Rica proposed a change in monetary policy regulations, allowing any investor to purchase bonds issued directly by the body to regulate the money supply in the economy.

In an article in elfinancierocr.com, Roy Gonzalez, "... explained that this measure, along with other changes they are pushing, aims to improve liquidity control and interest rate signal transmission."

The new option for investors will be available when the new platform that integrates all of the money markets, called "Integrated Market Liquidity" (MIL), begins to operate.

More on this topic

Costa Rican investors give neighboring markets the cold shoulder

June 2008

Costa Rican investors are steering clear of stock markets in other Central American countries where they say interest rates are too low and assets lack liquidity.

Yet the markets in El Salvador and Panama have attractive features. Corporate debt dominates in Panama, while in El Salvador investors can acquire stocks in companies that are quoted on Wall Street.

Costa Rica Central Bank approves plan to give more resources to banks

November 2008

The monetary authority may give special credit, repurchase titles and expand the number of entities that can participate in the Interbank Money Market (MID).

The measure is in effect since yesterday and includes three components, explained Central Bank manager, Roy Gonzalez.

Costa Rica's cutbacks in debt draw criticism

July 2008

The plan of the Finance Ministry to issue fewer bonds and the way in which they will enter the market hasn't gone down well with private players in the financial sector.

It's a classic confrontation, with the private financial institutions wanting to see more liquidity and the government taking steps to control inflation.

Costa Rica: Interbolsa Seeks Fund Managing Partner

February 2010

Costa Rican financial group Interbolsa is looking for a partner to invest in its main asset, Interbolsa Sociedad Administradora de Fondos de Inversión.

50% of Interbolsa’s portfolio is composed of Real Estate Investment Trusts, considered the group’s key assets.
Interbolsa’s CEO, Danilo Montero, told Elfinancierocr.com that “they have been considering this possibility since last year, but there is nothing concrete yet”.

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