The minimum purchase amount of the bonds issued today by the Instituto Costarricense de Electricidad, is $200,000, with an estimated yield of 7%.
The final rate will be definitive after those in charge have completed the assignment of the book of offers by investors, on May 8," noted an article in Elfinancierocr.com.
"The bonds were structured by banks Citi and Deutsche Bank.
They will be similar to the Eurobonds issued by the Central Government, with the difference that they are not sovereign instruments with state support.
Regarding the timing for making the issuance, Martin Vindas, interim CEO and finance officer for the company, said they are in the preparation period and the plan is to perform the issue in the best way possible so as to get a marketplace advantage.