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BAC Credomatic completes bond sale in Costa Rica

BAC Credomatic completes bond sale in Costa Rica

March 23, 2023 | Hernán Goicochea
Central American financial group's local division issues $13 mln in five-year notes to pay off debt and fund investments

Bonds Debt Fixed Income Capital Markets Costa Rica Central America

Banco BAC San José, the Costa Rican subsidiary of Central American financial group BAC Credomatic, sold CRC6.92 billion ($12.8 million) worth of five-year bonds in the local market, according to information from the BNV stock exchange. Banco BAC priced the new 2028 notes at 9.5%, according to the BNV. The bank had originally planned to issue up to CRC10 billion in 2028 notes at an average rate of 11.18% on March 9, but it delayed the sale. The notes are part of a CRC500 billion bond program that

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