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.
- Author
- Helgi Gudmundsson
- Theme
- Banking
