Panama Fund to Sell More State Bonds

Panama Fund to Sell More State Bonds

Panama

Panama’s government-backed Fondo Fiduciario para el Desarrollo (FFD) is preparing to offer $95.9m in existing 6.7% of 2036 sovereign bonds, the government says in an SEC filing. The offer, expected to close this week, is to be accompanied by the sale of an additional $250m of the notes to the Caja de Seguro Social social security fund. It follows a $441m February unloading of 8.875% coupon 2027 sovereign bonds to the same institution. The paper comes out of a pool of various sovereign bonds held

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