Public offering of BICSA bonds for $100 million
The Panama branch of the International Bank of Costa Rica (BICSA) has made a public offer of corporate bonds worth $100 million.
Friday, August 15, 2008
The listing and negotiation of these bonds has been authorized by the Panama Stock Exchange (BVP) and the National Stock Commission of Panama, however this authorization does not imply a recommendation or opinion of these stocks or the issuer, indicated a press release from the BVP.
The stock market in Panama is the source of fresh funds while the rest of the financial system keeps funds restricted.
A $100 million issue by Banco Popular Costa Rica is available for trading on the Stock Exchange in Panama.
Costa Rica expects congressional approval within a month to sell as much as $4 billion in bonds abroad and plans an offering of at least $500 million by November, Vice President Luis Liberman said.
On August 25, 2015 the State refinery will issue bonds in local currency with a 10-year term and a net interest rate of 11% .
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