Friday, 18 September 2020

Costa Rica Treasury Issues US$514 million in Bonds

In the local market, an issuance was made of a fixed-rate security with maturity in November 2021 and 216 billion in securities in colones, with terms ranging from 2020 to 2029.

In a statement, the Ministry of Finance reported that “…The issue in colones raised a total amount of ¢216,205.83 million, in different titles with maturity from 2020 to 2029, associated with fixed and variable rate coupons (Sovereign Adjustable Real) and a fixed rate in dollars with expiration in November 2021, in which $514.82 million was raised; assigned to 15 participants.”

Nelson Alvarado, desk manager at Prival Bank, explained to Nacion.com that “… the agreed rate in the issue was 6.5%, which is attractive to savers, if we consider that a previous issue which expired in June 2021 had an interest rate of 5.70%.

“… Aldesa also reported that dollar values were allocated equally to the market (15 buyers) and not to a single participant. The greatest share was that of Citi with $156 million.”

- paying the bills -

In the statement, the Deputy Minister of Finance explained that “…”With this amount raised, the Ministry of Finance will manage to meet a large part of the obligations due to the maturity of domestic debt in the first half of the current year.”

Source (in Spanish): Centralamericandata.com

- paying the bills -
- paying the bills -
Q Costa Rica
Q Costa Rica
Reports by QCR staff

Related Articles

Do not be alarmed by dollar exchange at ¢600, it is a cyclical behavior

(QCOSTARICA) The behavior of the dollar exchange in recent weeks has...

Sinpe Móvil transfers grow by leaps and bounds in 2020

(QCOSTARICA) Money transfers in Costa Rica through the SINPE Móvil by...

MOST READ

COVID-19 Costa Rica: 24 deaths in 24 hours; confirmed cases now 52,459

(QCOSTARICA) As of September 10, the Ministry of Health reports 1,325 new cases of COVID-19, of which 262 are by epidemiological link and 1,063...

COVID-19 Costa Rica: 1,420 new cases; Four more hospitals receive body containers amid increased deaths

(QCOSTARICA) Friday's press conference began with a strong plea by President Carlos Alvarado on the hospital crisis the country is facing, pleading for all...

Search for missing 17-year-old

(HQ) The San Ramón Regional Delegation of the Judicial Investigation Agency (PIJ) published this photo in order to locate, María Paula Molinares Monestel, 17,...

Covid-19 infection rate generally low in Costa Rica, but increases in coastal sites

(QCOSTARICA) The contagion rate of covid-19 in Costa Rica decreased slightly in the last week. However, it is worrisome that coastal areas, with an...

Coming out party with a parade and a clandestine bar detonated outbreaks of COVID-19 in the southern zone of Costa Rica

(QCOSTARICA) A "quinceañera" party with a horse show included and a clandestine bar, detonated the explosion of cases of COVID-19 that during the months...

Juan Santamaría Airport received 97% fewer travelers in August than a year ago

(QCOSTARICA) Costa Rica's air borders re-opened to international tourists on August 1. However, the opening of commercial flights has not yet brought the Juan...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.