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BAC Credomatic delays bond sale in Costa Rica

BAC Credomatic delays bond sale in Costa Rica

March 14, 2023 | Hernán Goicochea
Central American financial group's local division now plans to price five-year notes on Wednesday

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

Banco BAC San José, the Costa Rican subsidiary of Central American financial group BAC Credomatic, said it delayed a planned sale of five-year bonds in the local market until Wednesday, according to a securities filing. Banco BAC expects to price up to CRC10 billion ($18.2 million) in 2028 bonds at an average rate of 11.18% in a Dutch auction on March 15 and issue the notes on March 16, it said in a securities filing on Friday. The bank plans to use the proceeds from the proposed bond sale to pa

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