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Scotiabank Costa Rica to auction commercial papers worth up to 10B colones

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Scotiabank Costa Rica to auction commercial papers worth up to 10B colones

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.