Panama Goes Large with Benchmark 10-year

Panama Goes Large with Benchmark 10-year

Panama

Panama has hurried back to the debt markets to drop $1.0bn in 2020 bonds days after filing a new $2.5bn shelf. Capitalizing on an S&P outlook rise that places it a hair from investment grade, the sovereign saw more than $2bn in demand for the new notes and was able to sell at little concession for investors. It priced the Ba1/BB+ bonds at 99.796 with a 5.200% coupon to yield 5.224%, or UST plus 187.5bp, versus 178.5bp-200.0bp guidance given earlier Monday. There were no secondary trading lev

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial