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.
