Scotiabank de Costa Rica SA plans to auction commercial papers for up to 10 billion Costa Rican colones on Oct. 12, the bank said in an Oct. 5 filing.

The 359-day series SBPCC-15D securities will yield at a gross interest rate of 8.42%.

The securities will be issued Oct. 13, and their expiration date is Oct. 12, 2018.

As of Oct. 4, US$1 was equivalent to 572.52 Costa Rican colones.