ENA Ventures Forth In Quiet Market

ENA Ventures Forth In Quiet Market

Panama Bonds

Panama’s Empresa Nacional de Autopista (ENA) emerged with official guidance Tuesday on a dual-tranche $395m issue, offering investors between high 100s to mid 200s over the Panama sovereign. Books were heard to be covered by Tuesday and went subject late afternoon ahead of expected pricing today. The deal comes amid continued uncertainty in the broader markets, leaving some accounts disinclined to participate in what is a relatively small and illiquid structured trade. Indeed the borrower i

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