Prices lowers for Costa Rica's foreign debt bonds

The price of Costa Rica's foreign debt bonds fell in September after the financial crisis got worse.

Tuesday, October 14, 2008

The bond which has dropped the most is the one that will expire in 2020. This bond was selling at 132% in May of 2008, then on October 7 it dropped to 128%, and later to 118% on October 10.
118% means that the bond was traded in the secondary market (were they are traded for a second or more times) at 18% more than the original value.

More on this topic

Costa Rican Debt Keeps Falling

June 2013

An increase in the yields of U.S. Treasury bonds has increased the sale of bonds in dollars, impacting on Costa Rican bonds traded internationally and in the domestic market.

From a report on 'Pulso Bursátil', the blog by Aldesa:

Fall in Costa Rican Bond Prices Sharpens

The Price of Costa Rica's Foreign Debt goes Up

August 2009

In the past 7 months, the price of bonds expiring in 2020 went from 105 to 120, while their yield dropped from 9.20% to 6.3%.

Francisco de Paula Gutiérrez, Central Bank President, justified this recovery as a result of economic improvement in the country.

Said recovery is also expressed in the spread, a variable that measures the difference in yield with U.S.

Attractive Opportunities in Bonds

September 2012

The current rates for investment in dollars available in Costa Rica represent attractive options- which are scarce right now, compared to the international markets.

From a report by Aldesa on its blog Pulso Bursátil:

Interest rates internationally in dollars are still at historic lows and the market consensus suggests that this Thursday, the U.S.

Companies and Banks Opposed to Increasing External Debt

April 2009

The Monetary Authority of Guatemala decided, against the vote of banking representatives and private enterprise sectors, to increase debt through issuance by 10.9%.

The main argument by the opposition is that the solution to the problems in the treasury is to reduce state spending, not increase debt.

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