Costa Rica ponders local currency bonds

Costa Rica ponders local currency bonds

Costa Rica Bonds

Costa Rica is seeking congressional approval for a global bond sale, denominated in local currency, to meet its 2018 financing requirements, a fixed-income investor said. The Central American sovereign issuer could print the equivalent of $1.6bn in local currency securities to fund CRC1.2tn ($2bn) in debt payments, the source added.Costa Rica's downgrade to BB from BB+ in January by Fitch Ratings is one reason the sovereign is charting local currency notes, in order to mitigate higher coupo

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