Thursday, April 18, 2024

Logo Central America Link

Costa Rica aims to issue $4 billion in bonds

Friday, June 15, 2012

Costa Rica is waiting for its Congress to approve the sale of $4 billion in bonds by next month, and expects to offer at least $500 million by November, said the country's vice-president, Luis Liberman.

It will be the country's first bond issue since 2004. The aim is to help handle a 5 percent deficit in the country's gross domestic product.

Costa Rica doesn't compete against Panama in obtaining foreign investment, said Liberman. Chinchilla's goal is to attract $9 billion in direct foreign investment in four years.

Full story (in Spanish)