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Banco Internacional de Costa Rica plans $3M bond issuance

Banco Internacional de Costa Rica SA on Dec. 11 plans to offer up to $3.0 million of five-year revolving corporate bonds, according to a regulatory filing.

The series N bonds, which are set to be issued Dec. 13, will carry an effective interest rate of 5.375%, and are payable quarterly.

The Panama-based bank said that it plans to use funds from the offering to finance its loan portfolio growth.