Price of Costa Rican Bonds on the Rise

News of upcoming economic recovery is pushing up the price of Costa Rica's external debt bonds.

Monday, September 21, 2009

An article in reports that "Costa Rica's sovereign debt bonds (bde) are not immune to the price increase of other emerging market bonds. As a result, the bde 2020 was traded as high as 127.91 this week, reaching levels similar to those before the bankruptcy of Lehman Brothers".

This phenomenon is observed across the entire emerging debt market, due to recovery signs in the U.S. economy and general optimism regarding economic recovery in most countries.

More on this topic

Costa Rica Prepares New International Debt Issuance

March 2014

The government is working on a bond issue in the international market for $1 billion, with terms of between 10 and 30 years.

The bond issue was structured by the Bank of America, Merrill Lynch and Deutsche Bank according to information provided by Jordi Prat, Deputy Minister of Investment and Public Credit.

Little Interest Costa Rica's Long Term Bonds

July 2013

The Finance Ministry has proposed extending the maturity of domestic debt bonds, which would not be in the interest of investors.

"During 2013, the auctions were dominated by long-term securities, specifically, those whose maturity dates were equal to or exceeded ten years," noted an article in

Panama to Issue $500 Million in "Samurai" Bonds

November 2010

The country announced its first sovereign bond issue in the Japanese market.

"These securities, known as "samurai" will be placed among Japanese institutional investors, with the possibility of having a guarantee of up to 95% of the value of issuance by the Japan Bank for International Cooperation”, said the Panamanian Ministry of Economy and Finance in a statement to

Panama: "Great opportunity for sovereign bonds"

October 2008

Opportunities also appear in turbulent times and now is a great moment for the sovereign bond market. Panama is making the most of this opportunity.

The credit crisis, which has caused important banking entities in the US and Europe to fail, has led investors to seek refuge in safer instruments and despite all the US Treasury Bonds have not lost their appeal.

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