March 11, 2019 |
Costa Rica could sell up to $6bn in eurobonds over the next five years if gets approval from the Legislative Assembly, Rodolfo Cordero, the deputy minister of expenses, told LatinFinance.
"They could say that we can do $3bn or $4bn, but the maximum is $6bn in eurobonds," Cordero said, adding that the government could issue the notes in dollars, euros or yen.
The economic committee could send the bill to the floor for a vote by the end of May and the assembly could vote on the bill in June or Jul
Government hopes to get legislative approval for $3bn to $4bn in international notes over five years