QCOSTARICA – Fixed interest rates and longer maturities characterize the issue of securities to be made by the Ministry of Finance in the local market during the first half of the year.
The Ministry of Finance (Ministerio de Hacienda) has announced the borrowing plan for the first half of the year, which involves making issuances of debt of US$2 billion (¢1,100,000 million colones), through different types of instruments, in dollars as well as colones.
Hacienda expects to make six “benchmark” issues , some of which are new and some are for new tracts of emissions already registered: to 2018, 2020, 2022, 2025, 2029 and 2035, all fixed rate.
In the case of emissions at a variable rate, the government placed an issue maturing in 2035 and linked to the passive base rate.
Source: Centralamericandata.com
