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Banco Internacional de Costa Rica to offer $3M in bonds

Banco Internacional de Costa Rica SA said it plans to offer $3.0 million worth of debt on Dec. 28 at an interest rate of 3.50%.

The 180-day, series FL negotiable commercial securities will be issued on Jan. 2, 2018, according to a regulatory filing. Proceeds from the issuance will be used to grow the bank's loan portfolio.

Earlier in December, the company announced a separate $3.0 million offering of series FK securities, also carrying an interest rate of 3.50%.