Costa Rica Issues $1.5 Billion in Eurobonds

On November 12, the debt securities were sold in the international market, and at the end of the negotiation, bonds were issued for $1.2 billion maturing in 2031 and $300 million maturing in 2045.

Tuesday, November 12, 2019

The negotiation of the public debt issued by the government of Costa Rica in the international market closed at noon on November 12, and the yield for those maturing in 2031 was 6.25% and for those expiring in 2045 was 7.25%.

You may be interested in "Fiscal Uncertainty despite Eurobonds"

During the early morning hours of November 12, Douglas Montero, an economist and financial advisor, told Elfinancierocr.com that "... it is likely that both issues will come to market with interest rates and yields according to the market and current conditions in Costa Rica. In this case would be precisely about 6.3% and 7.3%."

Montero added that "... it is probable that, at the time of issuance, a discount will be made on the relative price of the bonds, that is, they will be sold below 100% of their face value. This would be done so that the instrument achieves a relatively low rate, but offers the investor a higher return."

Citi Global Markets and HSBC Global Banking were the issuance banks and financial advisors that supported the country in the process of issuing securities and managing liabilities in the international market.

Do you need information about the financial sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Guatemala Awards $116 Million in Debt

March 2020

The Ministry of Finance issued Treasury Bonds for an amount equivalent to $116 million, of which $52 million was in local currency and $64 million in foreign currency.

The overall amount of Treasury Bonds issued by the Republic of Guatemala so far, amounts to $414 million, corresponding to Fiscal Year 2020, of which one million correspond to Treasury Bonds issuances for small investors.

Eurobonds: Risk Rating Confirmed

November 2019

Standard & Poor's has given a B+ rating to the $1.5 billion debt issue that Costa Rica expects to place in the international market in November.

"Global Ratings today assigned a "B+" rating to the prospective reopening of Costa Rica's notes which have a 7.158% rate maturing in 2045 and a "B+" rating in its planned issuance of notes maturing in 2031, the latter issue still does not have a defined trading rate," the rating agency said on November 8.

Citi and HSBC to Issue $1.5 Billion in Eurobonds

September 2019

Costa Rican authorities informed that Citi Global Markets and HSBC Global Banking will be the placement banks and financial advisors that will accompany the country in the process of issuance of securities and management of liabilities in the international market.

The issue that will be made at the international level is the one that was approved on July 16 through Bill No.

Successful Eurobond Issuance from El Salvador

July 2019

The issue was announced at an initial rate of 7.5% and a 30-year term, and $1.097 million was issued, with total demand five times greater than the amount of the issue.

The issue was for a 30-year term, maturing in 2050 and with a 7.1246% coupon, informed the Central Reserve Bank (BCR).

 close (x)

Receive more news about Debt Market

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Gluten-free food business for sale

Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand.
The OHNE brand has 8 product lines: square bread, sweet...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(May 28)
Brent Crude Oil
34.820
Coffee "C"
103.8
Gold
1,716
Silver
17.765