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Banco Internacional de Costa Rica to offer bonds worth up to $3.7M

Banco Internacional de Costa Rica SA on Nov. 22 plans to offer one-year negotiable commercial bonds worth up to $3.7 million, according to a regulatory filing.

The series FH bonds, which are part of the Panama-based bank's negotiable bonds program for up to $100 million, will carry an annual interest rate of 3.875%.

The proceeds from the bonds, which are set to be issued Nov. 24, will be used for the expansion of the bank's loan portfolio, the company said.