April 10, 2018 |
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 buyer
Central American sovereign sets sights on $1.5bn local currency transaction