Costar Looks for April-May Issuance

Costar Looks for April-May Issuance

Costa Rica Bonds

Costa Rica remains on track for a $1bn bond issue, that should come in “April or May” of this year, its finance minister Edgar Ayales tells LatinFinance. An additional $1bn billion should be raised in 2014. Proceeds will be used to finance the country’s fiscal deficit, which reached 4.4% of GDP in 2012. Deutsche Bank and Citi, managers on a $1bn November bond, are advising. Ayales says a top priority of the government is reining in the deficit through a fiscal reform, which the administration ho

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