Home / Daily Briefs / 2023 / 28 / Costa Rica issues first dollar bonds in three years

Costa Rica issues first dollar bonds in three years

Costa Rica issues first dollar bonds in three years

March 28, 2023 | Hernán Goicochea
Central American country prints $1.5 bln in new 2034 notes after receiving almost $7 bln in orders, sources say

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

Costa Rica issued bonds in international market for the first time in three years on Monday, raising $1.5 billion in a deal that was roughly 4.5 times oversubscribed, sources told LatinFinance. "This issuance by Costa Rica was highly anticipated by the market," said Zulfi Ali, a fixed income portfolio manager at PGIM, the investment management division of Prudential. "Due to its solid environmental, social and governance [ESG] credentials, Costa Rican bonds tend to have a strong technical bid,"

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