Currency fall "concerning" but USD bonds will go on for Costa Rica

Currency fall "concerning" but USD bonds will go on for Costa Rica

Bonds

A sharp devaluation of Costa Rica's currency in the first month of the year was "a concern" for the sovereign – which has mandated banks for a $1bn bond sale – Jordi Prat, the vice minister for finance and director of public credit told LatinFinance. Costa Rica's currency, the colon, fell from around 500 to the dollar to as low as 570 to the dollar this year, although it has since rebounded to around 540. Yet, Prat said there was little chance the sovereign would step back from borrowing in the

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