Costa Rica re-enters bond market with $1.5 bln in notes

Costa Rica re-enters bond market with $1.5 bln in notes

Asset Management Debt Bonds Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Funds Costa Rica

Costa Rica came to the market on Tuesday, selling $1.5 billion worth of paper at a slight discount, one source with knowledge of the transaction told LatinFinance. The leads on the deal were Citi and HSBC. The Central American sovereign issuer sold $1.2 billion worth of 11-year paper at a reoffer price of 99.077, bringing a yield of 6.25% and a coupon of 6.125%. Earlier guidance had the 11-year paper in the 6.375% area, plus or minus 0.125%, a second source said. Costa Rica also reopened its 204

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial