Banco BAC San José SA on Oct. 16 will auction standardized bonds worth some 15 billion Costa Rican colones, according to a securities filing.

The series CQ bonds will be issued Oct. 18 at a gross rate of 10.16% and over a term of 1,530 days. Funds will be applied to working capital purposes and minimum investment will be 1 billion colones.

The bank had previously sold 10 billion colones in debt on Sept. 25.

As of Oct. 8, US$ 1 was equivalent to 587.20 Costa Rican colones.