Costa Rica

BCR to Look for Retap

Costa Rica Bonds

Heavy demand in its August DCM debut could see Banco de Costa Rica (BCR) return next year to raise the additional $500m remaining under an approval, its CEO says. “There ...

CR Hydro Project Targets Loan ABS

Costa Rica Bonds Structured Finance

The Reventazon hydroelectric project sponsored by Costa Rica’s Instituto Costarricense de Electricidad (ICE) is planning to raise $415m through a cross-border corporate s...

Bank of the Year, Costa Rica: BAC San José

Bonds Structured Finance Costa Rica

Flows of speculative capital to Costa Rica present both risks and opportunities for local banks

BNCR Debut Holds Own vs Benchmarks

Costa Rica Bonds

Banco Nacional de Costa Rica (BNCR) has raised $1.0bn in its international bond debut, selling five and 10-year notes seen pricing competitively to benchmarks including B...

Costa Rican Bank Hits the Road

Costa Rica Bonds

Banco Nacional de Costa Rica (BNCR) plans to start fixed-income investor meetings today, according to people familiar with the matter. The Costa Rican lender is visiting ...

Moody’s Negative on Costar

Costa Rica Corporate & Sovereign Strategy

Moody’s has changed the outlook on Costa Rica’s Baa3 rating to negative from stable, it says. The move follows an increase in the sovereign’s main debt metrics since 2009...

Investors Crowd into BCR Debut

Costa Rica Bonds

Government-owned Banco de Costa Rica (BCR) has printed a new $500m 2018 bond, as about $4.5bn demand came in from more than 200 accounts looking for a safe pickup to the ...

BCR Ends Tour

Costa Rica Bonds

Government-owned Banco de Costa Rica (BCR) has ended fixed-income investor meetings last week and was preparing to price a benchmark size 5-year or 10-year bond this week...

Banco de Costa Rica Starts Roadshow

Costa Rica Bonds

Banco de Costa Rica (BCR) is set to begin fixed-income investor meetings next week ahead of a potential debut dollar bond transaction, according to people familiar with t...

ICE Joins 30-year Club

Costa Rica Bonds

Instituto Costarricense de Electricidad (ICE) has printed a new $500m 30-year bond, following the Costa Rica sovereign and several LatAm corporates taking advantage of lo...

Buyers Crowd into Costar Dual-Tranche

Costa Rica Bonds

Costa Rica has priced $1bn in new 12 and 30-year bonds, with investors putting in for more than $10bn in orders. The Baa3/BB/BB+ sovereign had indicated intentions to com...

Costa Rica Picks Banks

Costa Rica Bonds

Costa Rica’s Finance Ministry has chosen Barclays and Deutsche Bank to lead a planned international bond sale, deputy minister Jordi Prat tells LatinFinance. The sovereig...

Costa Rica Aims RFP Process

Costa Rica Bonds

Costa Rica is set to send out RFPs for its next international bond issue in the coming weeks ahead of a 2Q transaction, finance minister Edgar Ayales tells LatinFinance. ...

Costa Rica | A matter of time: Interview with president Laura Chinchilla

Costa Rica Economy & Policy Corporate & Sovereign Strategy

As Costa Rica’s president Laura Chinchilla enters her final year in office, she talks to LatinFinance about her remaining ambitions – and her legacy

Costa Rica | Banking Sector: Holding steady

Costa Rica Economy & Policy Corporate & Sovereign Strategy

Costa Rican banks are confronting tighter credit controls as authorities grapple with an explosion in dollar lending. The central bank insists such moves are a necessary ...