DCM Welcomes Costa Rica Return

DCM Welcomes Costa Rica Return

Costa Rica Bonds

Costa Rica achieved its pricing goal in a return to the international bond markets, getting $4.7bn in demand for a new $1bn 2022 bond. “It was important to return the international markets as method of financing and give investors Costa Rican paper in their portfolios,” Luis Liberman, Costa Rica’s Vice President, tells LatinFinance. In its first cross-border transaction since 2004, the Baa3/BB+/BB+ sovereign priced at 99.989 with a 4.25% coupon to yield 4.25%, the tight end of 4.25%-4.375%-area

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