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Costa Rica Seeks $500 Million Bond Sale in Wake of Tax Vote

Costa Rica will seek to sell at least $500 million in bonds abroad this year to help sustain economic growth and improve the Central American nation’s infrastructure, Finance Minister Fernando Herrero said.

Costa Rica joined Trinidad & Tobago and Bolivia in announcing plans to sell benchmark dollar bonds amid near-record low borrowing costs in the world’s largest economies. Costa Rica’s bonds would probably be 10-year notes, Herrero said, without commenting on a target yield for the securities.