April 12, 2018 |
Banco Nacional de Costa Rica (BNCR) is reevaluating a Rule 144A/Reg S local currency bond, just seven months after the local lender axed the transaction, sources have said.
Political volatility prevented BNCR from printing the bond at the time, but with Costa Rica's presidential race now over, the new administration aims to work on dismantling the congressional gridlock that had kept investors at bay, one buyside source said.
Earlier this month, the Central American country elected Carlos Alvara
Local bank considers reviving plans of a new debt issue, just months after canceling a 144A/Reg S local currency note, sources