Debt: Costa Rica Exchange of $130 Million in Debt

During February 8 and 9, the Ministry of Finance was able to renegotiate close to $130 million corresponding to maturities of domestic debt securities for the years 2021 and 2022.

Thursday, February 11, 2021

This is the first exchange of domestic debt in colones to take place in 2021. In this session, the Ministry of Finance managed to renegotiate debt bonds for ¢79,814 million, equivalent to close to $130 million.

Securities maturing in 2021 and 2022 were traded for others maturing between 2024 and 2028, according to details provided in a relevant fact by the National Treasury.

Check the "System for monitoring markets and economic situation in Central American countries", prepared by CentralAmericaData.

The official document states that "... the Ministry of Finance informs the financial market that for the internal debt swap held on February 08 and 09, 2021, the following series were assigned: G240321, S240321, B280421, G210721, G201021, G291121, U120122, G290622, G270722, G210922, G211222, CRG260624, CRG280126 and CRG230828.

On the other hand, series CRS240129, CRG250631, CRG250636, CRU250140 and CRB250151 were declared deserted.
"

See official document.



More on this topic

Guatemala Keeps Issuing Debt

August 2019

The Ministry of Finance of Guatemala awarded Treasury Bonds in local currency for the equivalent amount of $19 million, at a cut-off rate of 6.46% and maturing in November 2039.

The global amount awarded of Treasury Bonds of the Republic of Guatemala up to date, including the awards made through public tenders and auctions ascended to Q.18,083.29 million ($2.348 million), corresponding to Fiscal Year 2019, informed the government.

Guatemala Keeps Placing Public Debt

July 2019

The Ministry of Finance Awarded Treasury Bonds in local currency for an equivalent amount of $19 million, at a cut-off rate of 6.2% and expiring in August 2034.

In the event of issuance of Electronically Registered Representative Certificates in Custody in the Banco de Guatemala, a demand for $42.9 million was received, corresponding in its entirety to the maturity date of 11/23/2039.

Costa Rica: Government Swaps $165 Million

February 2019

In the exchange of foreign currency debt that took place on February 6, the Ministry of Finance managed to negotiate $165 million of $428 million offered.

Grupo Prival reported that the debt that was swapped expired in 2019, 2020 and 2021, and now the bonds will expire in 2023 and 2026, which will give more looseness to the authorities to manage the country's public finances.

Government Achieves $202 Million Swap

October 2018

In the first of the two days of the swap of debt securities convened by the Finance Ministry of Costa Rica $202 million were successfully negotiated, amount that represents only 6% of the total balance expected to exchange.

To swap debt securities that expire between 2018 and 2020, for others with longer deadlines, the Government of Costa Rica organized an auction on October 25 and 26.

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