Monday 27 September 2021

Slowly but surely, Costa Rica bond issue heads for port

US$1.5 billion placement will have major impact on exchange rate and reactivation

Paying the bills


Today’s Vehicle Restriction September 27: Plates ending in “1 & 2” CANNOT circulate

QCOSTARICA - For today, Monday, September 27, vehicles with...

Government will buy one million more covid vaccines for children and third doses in 2022

QCOSTARICA - The President of Costa Rica, Carlos Alvarado,...

Don’t forget the vehicular restrictions

QCOSTARICA - If you are out and about this...

UNA epidemiologist: “We are not better, we are less worse”

QCOSTARICA - The fact that the number of infections...

Today’s Vehicle Restriction September 26: “ODD” ending plates CANNOT circulate

QCOSTARICA - For today, Sunday, September 26, vehicles with...

Canadian airlines will start flying back to Costa Rica on October 2

QCOSTARICA - Four Canadian airlines will resume their flights...

8-year-old boy dies abruptly of covid-19

QCOSTARICA - An eight-year-old boy who had no risk...
Paying the bills


The government of Carlos Alvarado is making progress in its efforts to place a US$1.5 billion bond in international markets, known as Eurobonos (Eurobonds).

The placement will have major consequences for the exchange rate, interest rates and the whole process of the reactivation of the economy.

Would it help to revive the economy?

- Advertisement -

That is what the Treasury is betting on; Government financing needs became too large for the local market, and they are pushing up what everyone else pays, including local people and businesses.

“The placement of the Eurobonos has not yet been made and none of the multilateral credits have been approved by the (Legislative) Assembly; that is to say, the arrival of external resources has not materialized, but if they were in effect and we perceived that the space exists, it would be an opportunity that would allow us to reduce the cost of financing,” explains Rodrigo Cubero, president of the Central Bank of Costa Rica (BCCR).

As a result, La República tries to respond (in Spanish) to the concerns and doubts that exist about the process and its impact on the domestic market.

This is not the first time Costa Rica places bonds in the European market, in the last seven years, it has placed US$4 billion dollars, with terms from 10 to 30 years and rates ranging from 4.25% in 2012 to 7.15% in March 2015.

The latest Euronos:

  • November 2012, US$1 billion dollars, 10 years at 4.25%
  • April 2013, US$500 million dollars, 12 years at 4.37%
  • April 2013, US$500 million dollars, 30 years at 5.63%
  • April 2014, US$1 billion dollars, 30 years at 7%
  • March 2015, US$1 billion dollars, 30 years at 7.15%

- Advertisement -
Paying the bills
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Costa Rica has the lowest inflation in the region

QCOSTARICA - Costa Rica registered the lowest inflation in the Central...

“There can be no divorce between economy and health”

QCOSTARICA - Following is an opinion piece by Dr. Rodolfo Hernández...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

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.