Panama Emerges with LM

Panama Emerges with LM

Panama Bonds

The Republic of Panama has launched a three-day cash tender offer targeting holders of its $962m outstanding in 7.25% 2015 bonds, it says. The sovereign is offering $1,091 per $1,000 principal through Tuesday. Liability management has been a strong theme for sovereigns in LatAm this year, and Panamanian officials have previously indicated they would be interested in joining in. Last year, Mahesh Khemlani, then Panama’s vice minister of finance, told LatinFinance the sovereign had looked at its 2

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