Covered Bond Talks Price

Covered Bond Talks Price

Panama Bonds Structured Finance

Panama’s Global Bank is out with 5.00%-5.25% yield guidance as it prepares to price a $200m 5-year covered bond as soon as today. Some investors are taking a look at Central American and Andean bank paper as comps for LatAm’s debut in the asset class. “This is 40bp-60bps back of some of the other Central American [and] Andean bank comps, which is where it should be given it is a number four bank in a smaller market than BCP, BBVA Continental [or] Banco de Bogota,” says a West Coast portfolio man

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