Costa Rica pays “fair” concession

Costa Rica pays “fair” concession

Costa Rica Bonds

Costa Rica issued a 7.158% $1bn 30-year bond on Thursday, paying a “fair” concession to its 2044, sources told LatinFinance. After investors put in orders of $4.2bn with initial guidance of 462.5bp, bookrunners Deutsche Bank and HSBC launched the bond at 445bp over US Treasuries. Books were heard to reach $3.6bn. The price came within final guidance of between 440bp and 450bp over Treasuries. The Ba1/BB/BB+ rated note was sold at par. Around three-quarters of the investors were from the US. Euro

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