CAF places ₡35B ($70M) bond in Costa Rica with BCR Valores, Citi
What's the deal? CAF, the Development Bank of Latin America and the Caribbean, has placed a standardised bond worth ₡35 billion (roughly $70 million) in Costa Rica's market. BCR ValoresDealroom has a profile for this one. Try Dealroom → served as the placing brokerage in partnership with CitiDealroom has a profile for this one. Try Dealroom →.
The terms: The bond runs three years at a 5.49% interest rate, structured as a best-efforts subscription. BCR Valores handled structuring, management, and commercial strategy for the issue.
Why now? The placement opens access for Costa Rican investors to a multilateral issuer serving 25 member countries, private companies, and financial institutions across the region.
What's the endgame? BCR Valores is positioning itself as a distributor of high-grade fixed-income products. "Our commitment is to keep bringing the Costa Rican market solid, competitive investment options backed by high credit quality issuers," said general manager Vanessa Olivares (translated from Spanish).
The signal: At $70 million, the placement sits at the smaller end of the deals we track — but it reflects steady demand among local investors for regional multilateral debt, and a widening role for domestic brokerages in channelling that capital.
Read more: elfinancierocr.com
Image credit: thetaxhaven
