Costa Rica

Costa Rica Closes in on Bond

Costa Rica Bonds

Costa Rica has pre-selected five DCM banks and expects to make a final mandate for a new bond issuance by Tuesday, Edgar Ayales, the country’s finance minister tells Lati...

CR Refiner Looks for Debt

Costa Rica Bonds

Costa Rican state oil refiner Recope is preparing up to $200m-equivalent issuance in the domestic and other Central American bond markets, it says. After receiving regula...

Costa Rica OK to Issue

Costa Rica Bonds

Costa Rica's congress has given its second and final vote in favor of issuing $4bn in bonds over a 10-year period, with a maximum of $1bn per year. In what would be its f...

Costa Rica Advances Bond Plans

Costa Rica Bonds

Costa Rica is nearer to placing its first international bond since 2004 – most likely a $500m 10-year – after congress voted in favor of issuing $4bn over a 10-year perio...

Costa Rican Bank Preps DCM Debut

Costa Rica Bonds

Banco de Costa Rica plans to meet with four finalist DCM banks in August to hear bond transaction proposals, according to a person familiar with the bank’s plans. A decis...

Costa Rica Targets Bond Return

Costa Rica Bonds

Costa Rica is looking to place its first international bond since 2004, most likely a $500m 10-year, though it could be authorized to issue up to $1bn. “It could take abo...

ICE Retap Draws Crowd

Costa Rica Bonds

Costa Rica’s Instituto Cosarricense de Electricidad (ICE) reopened its 6.95% 2021 bonds for $250m, taking the outstanding size to $500m. Starting at 103.00 guidance befor...

ICE Looks to Retap 2021s

Costa Rica Bonds

Costa Rica’s Instituto Costarricense de Electricidad (ICE) plans to reopen its 6.95% 2021 bonds, as soon as today. The 100% state-owned integrated electricity provider an...

Costa Rica Names Finance Minister

People Corporate & Sovereign Strategy Costa Rica

Costa Rica has appointed Edgar Ayales as finance minister, beginning May 1, according to wire and local news reports citing remarks from President Laura Chinchilla. Ayale...

Costa Rica, Peru Set for IDB Disaster Loans

Bonds Structured Finance Peru

Costa Rica and Peru are likely the next to receive approvals for $100m IDB risk management loans, both likely in the first half of 2012. The loans are part of a $600m ins...

Recope Preps CDB Loan

Costa Rica China Loans

Costa Rica’s Recope and the China Development Bank (CDB) are working on a 15-year $800m-$900m syndicated loan with a 3-year grace period arranged by CDB to fund improveme...

Investors Flock to New ICE Bond

Costa Rica Bonds

Instituto Cosarricense de Electricidad (ICE) dived directly into pricing on its $250m 10-year Thursday after investors flocked to the rare credit, helping leads build a b...

Oversubscribed ICE Set to Price

Costa Rica Bonds

Books on Instituto Costarricense de Electricidad’s (ICE) new $250m 10-year went subject after filling nicely ahead of pricing today. Given decent demand the 100% state-ow...

ICE Whispers Low 7%s

Costa Rica Bonds

Instituto Costarricense de Electricidad (ICE), the 100% state-owned integrated electricity provider and telecommunications operator in Costa Rica, is heard whispering low...

Lower-Rated Borrowers to Test Market

Colombia Peru Costa Rica

Despite a weak backdrop Monday, two split-rated borrowers and one junk name announced fixed-income investor meetings yesterday in a sign that the window may be opening fo...