The Costa Rican external debt bonds traded in international markets registered a reduction in their price on Monday morning, as investors reacted to the results of the first round of elections.
The Costa Rican Eurobond with expiration in 2045, the largest term issued by Costa Rica, registered a fall of three percentage points in its price. On Friday it closed at 106 and on Monday they were trading at around 103.
With this movement, the yield of the bond approaches 7%. Another important bond of reference in Costa Rica is the one that expires in 2025, which fell from 96 on Friday, to 94.5 on Monday.
It is important to understand that the economic visions of the parties that go to the second round are antagonistic. This uncertainty could further affect the performance of bonds in international markets,”
explained economist Melvin Garita.
Luis Diego Herrera, an analyst at the firm Acobo, also commented:
This fall reflects the greater uncertainty of the investors regarding the next president of the Republic. We can’t predict with certainty the trend that prices will follow, remember that these can rise or fall depending, among other things, on the expectations of investors.”