Thursday, February 22, 2024

Logo Central America Link

Costa Rica issues $1 billion in Eurobond market

Friday, November 23, 2012

The Costa Rican government announced Wednesday evening that the Finance Ministry received $1 billion from the issuance of Eurobonds.

The government would use half the money to pay the public debt in dollars over coming months, said vice-president Luis Liberman.

Liberman added that the bond issue is the biggest in the country’s history. “Costa Rica has been absent from international markets since 2004, because we were paying the foreign debt with domestic debt, affecting private business activity and increasing the government’s
debt interests,” he said.

Source: Tico Times