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Banco Internacional de Costa Rica to offer $4M of corporate bonds

Panama-based Banco Internacional de Costa Rica SA, or BICSA, will offer bonds worth up to $4.0 million next week, according to two securities filings.

The debt, which is a part of a $100.0 million corporate bond program, is split into two series of one-year securities, worth $2.0 million each with both carrying an interest rate of 3.875%.

The company plans to offer the series FX notes on Sept. 11 and the series FY bonds on Sept. 13. The bank will use the proceeds to finance the growth of its loan portfolio.