November 13, 2019
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
Central American sovereign issuer ends its four-year hiatus with $1.2 bln in new notes and a $300 mln retap of its 2045 bonds