Costa Rica: ICE Sells $ 75 Million in Bonds

©image: grupoice.com

The placement was made on the Costa Rica Stock Exchange and included participation of 13 brokers, which bid a total of $ 87 million.

The titles are for a 10 year term and will pay a rate of 5.42% to investors.

Mauricio Moreno, chief financial officer of the institution, said that "the outcome of this auction was successful; we are obtaining long-term resources in the local market with excellent conditions which allow us to finance investments in the electricity sector, with an annual fixed net return of 5.42% for investors."

Source: Costarican Institute of Electricity

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