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Costa Rica to Sell $500 Million in Bonds

Article Summary:

Finance Minister Fernando Herrero announced that Costa Rica will try to sell at least $500 million in bonds abroad this year to help sustain economic growth and improved infrastructure.

Original Article Text From El Nacion via Google Translate :

Country Seeks To Sell $ 00 Million In Bonds, Announced Minister

Finance Minister, Fernando Herrero, announced that Costa Rica will try to sell at least $500 million in bonds abroad this year to help sustain economic growth and improved infrastructure.

The Minister made the announcement in an interview published in Montevideo, Uruguay, where he participates in the annual meetings of the Inter-American Development Bank. The information was broadcast on Bloomberg news services.

Currently on the legislative plenary a bill that would allow the country to sell up to $ 2,000 million in foreign terms that range between five and 30 years.

Smith explained that the bonds would be probably 10 years, and declined to comment on the possible performance.

In addition to Costa Rica, Trinidad and Tobago and also Bolivia announced plans to sell bonds at a time in which borrowing costs are historically low in the largest economies in the world.

Link to Original Article:

From El Nacion

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