Banco Nacional fulfills buyback

Banco Nacional fulfills buyback

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Costa Rica Central America

Banco Nacional de Costa Rica said it has fulfilled a bond buyback by the early deadline and agreed to repurchase the $150 million in 6.25% 2023 notes. Earlier this month, the bank offered to pay $1,036.25 for every $1,000 in principal that bondholders tendered by September 21. It also put the limit on the buyback at $150 million.  Bondholders ended up tendering $154 million in 2023 notes, more than the maximum amount, in a deal managed by JPMorgan and Bank of America, Banco Nacional said in a st

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