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Costa Rica's Banco Hipotecario de la Vivienda issues 5.5B colones in debt

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Costa Rica's Banco Hipotecario de la Vivienda issues 5.5B colones in debt

Costa Rica's Banco Hipotecario de la Vivienda made a debt issuance, under its program of standardized bonds worth 40.00 billion Costa Rican colones, according to a Sept. 4 release.

The issuance, part of the C1 series, amounted to 5.50 billion colones with a term of 720 days, due on Sept. 7, 2020, and has a net interest rate of 8.70%, payable semiannually.

As of Sept. 4, US$1 was equivalent to 583.25 Costa Rican colones.