ENA Prints on Volatile Day

Aug 19, 2011

Panama’s Empresa Nacional de Autopista (ENA) ventured into volatile markets Thursday to price $395m in dual-tranche bond. Demand was three times over across both tranches, with buyers comprising local banks as well as US insurance companies and pension funds. Tranche A was placed mostly with international accounts, while Tranche...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management