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