Global Bank to Reattempt Covered Bond

May 21, 2012

Panama's Global Bank plans to revisit pricing efforts for what would be Latin America's first covered bond as soon as this quarter, senior vp of finance Jorge Vallarino tells LatinFinance. “We are confident we will price this transaction this year and at a level that works for us,” the official says. Market conditions and a pricing disconnect for the novel structure were disclosed as reasons for a postponement at the beginning of the month. Vallarino explains...

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

Jan Dehn, Ashmore Investment Management