LatinNews Daily - 21 July 2023

In brief: CAF issues first bonds in Costa Rica

* The Latin American development bank (CAF) has issued bonds in Costa Rica for ₡53bn (US$99m) aiming to boost sustainable economic growth, marking the lender’s first issuance in Costa Rica. A CAF statement said that the issuance, which was handled by Costa Rica-based financial firm INS Valores and US-based bank Citibank, would see bonds with coupons of 7.08% and 7.68% maturing in five to 10 years and forms part of its strategy to become a regular lender in Costa Rica.

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