trending Market Intelligence /marketintelligence/en/news-insights/trending/zsx6qwsmhdooh0rh6pvliw2 content esgSubNav
In This List

Banco de Costa Rica to auction $70.9M worth of existing bonds

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Banco de Costa Rica to auction $70.9M worth of existing bonds

Banco de Costa Rica on Feb. 9 will auction off additional debt from two previous bond offerings, according to a security filing.

The bank will offer $16.3 million worth of its series BCR$271119 bonds, which were issued Sept. 27, 2017. The securities have a remaining term of 644 days and carry a gross interest rate of 4.8914%.

Banco de Costa Rica will also auction $54.6 million from its series O1 bonds, issued May 24, 2017, with a remaining term of 1,541 days and gross yield of 5.4348%.

In addition, the San José-based lender will offer 10.31 billion Costa Rican colones in commercial papers from the series BCRPC290119, which have a remaining term of 346 days.

The proceeds will be used for working capital for short-, medium- and long-term needs, the bank noted.

As of Feb. 6, US$1 was equivalent to 573.80 Costa Rican colones.