Panama Reopens Bonds, Tees Up Swap

Jun 3, 2008

Panama has launched a two-step liability management exercise. On Monday it reopened its 2015 bonds, and today the sovereign plans to reopen its 2029 vintage, offering the notes to holders of its 2011 and 2012 issues. The sovereign priced Monday $235m of the 7.25% 2015, at 109.564, to yield 5.533% or...

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