Home / Daily Briefs / 2022 / 23 / BCR lays out bond sale in Panama

BCR lays out bond sale in Panama

BCR lays out bond sale in Panama

December 23, 2022 | Hernán Goicochea
Costa Rican state-owned lender aims to raise $51 mln in the sale of 10-year notes

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

Costa Rican state-owned lender Banco de Costa Rica (BCR) said it plans to issue CRC30 billion ($51.4 million) in colón-denominated bonds in the Panamanian market on Friday, according to a securities filing. BCR expects to price the new 2032 notes to yield 14.1176% and use the proceeds to increase capital, it said in the filing. Central American rating agency SC Riesgo assigned the notes a scrAA (CR) rating on the local scale, according to BCR. President Rodrigo Chaves announced plans in August t

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