“Not a Penny Left on Table,” Says Panama

“Not a Penny Left on Table,” Says Panama


Panama’s $323m reopening of its 2015 bonds was not priced cheap, its public credit officials say. Nor was it hindered by Wednesday’s US Treasury rally that caused other EM deals to wait, contrary to what investors and bankers suggest, government officials tell LatinFinance. “I don’t think we left a penny on the table,” says a senior official at the directorate of public credit at Panama’s ministry of finance. Demand would have been much higher than twice the offer if the deal had been priced too

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