Arguing that there is a temporary need for liquidity in colons, on October 26 the Central Bank of Costa Rica decided to participate in the secondary market by buying two different series from the Ministry of Finance, with a maturity of 9 and 10 years.
On April 13, 2020, the Board of Directors of the Central Bank of Costa Rica (BCCR) authorized its Administration to participate in the secondary securities market of the Ministry of Finance and defined the conditions under which these transactions would be executed, with the objective of mitigating situations of systemic tension caused by temporary liquidity needs in colones, informed the monetary authority.
The Costa Rican Stock Exchange is preparing a bond plan for companies that seek to finance renewable energy, agriculture, and waste management projects, among others.
The aim of the authorities at the National Securities Exchange (BNV), is to have the first issue of bonds of this type ready in the last quarter of 2018.The plan is to provide financing alternatives through the stock market for projects"... new or existing ones that qualify as green projects, that is to say, that contribute to mitigating the effects of climate change or adapting to them."
The "Trump effect", added to the upward pressure caused by inflation in US interest rates, explains the upward trend in the performance of Costa Rican bonds and the fall in their price.
A resumption of the upward trend seen in debt securities traded on the international market could make it difficult for the government access external financing, in a context in which most bonds from emerging market countries are experiencing the same situation.If the government decides to resort to financing in the international market, the cost of doing so would be higher if bond yields continue to rise.
Ongoing Emissions Report, Daily Report Movements, Movements and Historical Report, there are three new reports from the Superintendency of Securities.
An article on Crhoy.com reports that "... From Monday, the Superintendent of Financial Institutions (SUGEF) will have online information about the movements of the balances of emissions registered in the National Registry of Securities and Intermediaries, namely debt issues (bonds), equities and securities for participation of closed-end funds. "
A $100 million issue by Banco Popular Costa Rica is available for trading on the Stock Exchange in Panama.
The bonds were offered for sale in Costa Rica in 2011 and were recently approved by the Superintendent of the Panama Stock Exchange.
Being a certified issue, securities may be traded in Costa Rica and Panama.
"We are very pleased to achieve this foray into a market like Panama, a country that has become a gateway into the international financial world, said Gerardo Sanabria Porras, General Manager of Banco Popular," in an article in pa-digital.com.pa.
The supply of investment alternatives will be broadened with the authorization granted to Invercasa.
Nicaraguan investors will now have more options for their investment portfolios, now that the Invercasa stock exchange has received authorization from the Superintendency to sell Costa Rican sovereign debt bonds.
With this option, Nicaraguan investors will be able to diversify their investment portfolio risks and access international options directly from their country.