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Costa Rica's Bancrédito cancels 3 series of issuances

Banco Crédito Agrícola de Cartago said it proceeded to buy and cancel three series of nonstandardized issuances for a total of 2.34 billion Costa Rican colones.

The biggest canceled issuance amounted to 1.69 billion colones and had a gross rate of 7.07%. The other issuances, each amounting to 150.0 million colones and 500.0 million colones, had gross rates of 6.90%. All issuances would have expired in 2018.

As of Dec. 11, US$1 was equivalent to 567.29 Costa Rican colones.