Panama Increases Buyback Following Bond sale

Panama Increases Buyback Following Bond sale

Panama Bonds

Panama is increasing the maximum amount of 7.25% 2015 bonds it is buying back in a cash tender to $584m from $345m, it says, following the upsizing of a new cash sale. The Baa2/BBB/BBB sovereign reopened its 2020 bonds last week to raise $500m to fund the tender, up from a planned $260m. The sovereign received orders for $689m in the three-day cash tender closed last week, and will prorate accepting holders. Panama offered holders $1,091 cash per $1,000 principal. In the cash sale, the 5.200% co

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial