Costa Rica launches US$1bn 30-year bond
By Davide Scigliuzzo
NEW YORK, March 5 (IFR) - Costa Rica has launched a US$1bn 30-year bond issue at a final spread of 445bp over US Treasuries, according to market sources.
Pricing is coming at the mid point of final guidance of 440bp-450bp and inside initial price thoughts of 462.5bp over.
The sovereign, rated Ba1/BB/BB+, has mandated Deutsche Bank and HSBC as leads on the 144A/RegS deal, which is expected to price later on Thursday. (Reporting by Davide Scigliuzzo; Editing by Paul Kilby)
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