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Banco Improsa to auction additional $3.5M of commercial securities

Banco Improsa SA said it will auction $3.5 million worth of revolving commercial securities on Dec. 15 as part of an $80.0 million debt issuance program.

The zero-coupon, series 17PCR7D securities will carry a term of 359 days with a face value of $10,000 each.

The Costa Rican bank announced issuances totaling up to $4.0 million, under the same program, in August and September.