ICE Joins 30-year Club

ICE Joins 30-year Club

Costa Rica Bonds

Instituto Costarricense de Electricidad (ICE) has printed a new $500m 30-year bond, following the Costa Rica sovereign and several LatAm corporates taking advantage of low rates to lock in long-term funds. Investors were heard putting in for more than $4.5bn in orders. The Baa3/BB+ state-owned integrated electricity provider and telecommunications operator priced the 2043 at 98.359 with a 6.375% coupon to yield 6.500%, the tight end of 6.500%-6.625% guidance that followed 7.000%-area initial pri

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