Home / Daily Briefs / 2023 / 7 / Mucap gets go-ahead for new bond program

Mucap gets go-ahead for new bond program

Mucap gets go-ahead for new bond program

March 7, 2023 | Hernán Goicochea
Costa Rican savings and loan could raise up to $54 mln in the local market

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

Costa Rican savings and loan Mutual Cartago de Ahorro y Préstamo (Mucap) said it received approval from securities regulator Sugeval for a new local bond program for as much as CRC30 billion ($54 million). Mucap plans to sell multiple series of notes with maturities and interest rates determined at the time of issue, it said in a securities filing. The lender plans to use the proceeds from the bond sales to "substitute short-term deposits from the public" and expand its loan capacity, according

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