Costa Rica boosted on the road ahead to $1.5 billion bond issue

Latin American bond market participants said they thought Costa Rica’s proposed $1.5 billion cross-border issue would find strong demand as the Central American nation announced a roadshow amid friendly market conditions on Tuesday.

Citi and HSBC will take B1/B+/B+ rated Costa Rica to meet bond investors from through Monday as it looks to raise $1.5 billion of bonds in “one or more transactions” of “intermediate and/or long” maturities, Global Capital reports.