Costa Rica’s debt plans will illuminate LatAm risk appetite

The country needs to raise up to $4.5 billion in the international markets this year – and it won’t be easy.

Costa Rica’s public debt officials may soon find themselves looking fondly back to a golden age of access to the international debt capital markets.

It was time when the country’s deals were met with huge international appetite, it could issue $1.5 billion in fresh debt, launched with no new issue premium thanks to $7.6 billion in orders – and then the bonds would promptly trade up in secondary.

That was all the way back in November.

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