Panama Sticks to Local Markets

Panama Sticks to Local Markets

Panama Bonds

Panama will stick to local bond markets next year to raise about $450m, says Mahesh Khemlani, the country's deputy minister of finance. That amount is part of about $1.3bn in 2012 financing needs, which will largely be covered through multilaterals. "We are trying to develop the local markets," adds Khemlani. "There are a lot of banks asking us for international issuance and we are trying to get those investors into the local markets." The government has established a system for market makers an

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