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Costa Rica Government Expects Approval To Issue $6B in Global Bonds

LATAM
  • According to top government officials, Costa Rica is planning to issue up to $1.5 billion in overseas bonds in 2022 after an increase in local interest rates made domestic dollar and colon funding more expensive. (Bloomberg)
  • The government expects congress to approve a bill this month to allow it to issue $6 billion in global bonds, a maximum of $1.5 billion per year, Finance Minister Nogui Acosta and deputy director of public credit Melvin Quiros said in a joint interview. (Bloomberg)
    • The finance ministry aims to tap markets with a first tranche before the US Thanksgiving holiday, which falls on Nov. 24.

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