Global Bank Swissie marks split-rated first

Global Bank Swissie marks split-rated first

Bonds

Panama’s Global Bank sold a CHF75m ($83.6m) 3% 2018 bond on Tuesday, becoming the first ever Latin American split-rated issuer to tap the Swiss market. The deal diversified Global Bank’s funding and offered “very competitive” pricing versus the dollar market, chief financial officer Jorge Vallarino said. “The Swiss market has been very active for higher-rated issuers from Latin America, but I think that we’re probably the first split-rated issuer from Latin America to access that market, so we’r

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