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Banco de Costa Rica to offer 2 series of bonds

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Banco de Costa Rica to offer 2 series of bonds

Banco de Costa Rica on Oct. 19 plans to auction two series of bonds.

The San José-based bank will offer 4.71 billion Costa Rican colones with the series BCR190718 bonds, originally issued July 19, according to an Oct. 13 regulatory filing. The securities mature July 19, 2018, the bank said.

In addition, Banco de Costa Rica will offer US$92.66 million worth of the series O1 bonds, which carry a fixed interest rate of 5.43% and mature May 24, 2022.

As of Oct. 16, US$1 was equivalent to 570.96 Costa Rican colones.