Investors talk up new Costa Rican debt

Investors talk up new Costa Rican debt

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Costa Rica

Costa Rica has not not ruled out a $1.5bn local currency bond sale in the short-term now that the Central American country has appointed a new President. According to investors who spoke to LatinFinance, the sovereign issuer has tried to gain approval for a Eurobond from Congress, but the inability to pass fiscal reforms had left the former administration reluctant to print new debt. "With a new government coming in, I think something will have to be done as they need to borrow," one bond buye

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