Panama Targets Local Debt Curve

Panama Targets Local Debt Curve

Panama

Despite recently clinching investment-grade, Panama plans to focus on its domestic debt curve this year, its director of public credit says. The sovereign does not foresee the need to issue externally in 2010. “Ideally, we’d develop the 0-10 year portion of our sovereign curve in the local market, and the 10-30 year portion of the curve outside,” Mahesh Khemlani, director of public credit, tells LatinFinance. Panama is authorized to sell up to $600m this year. It recently sold $43m in 3.50% of 2

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