Global Bank retaps 2021s

Global Bank retaps 2021s

Panama Bonds

Panama's Global Bank added a further $150m to its 4.5% 2021 notes, which it sold last October, debt capital markets sources on the transaction said. Bookrunners Citi, Deutsche Bank and JPMorgan priced the retap to yields 4.85%, or a reoffer price of 98.575. Initial price talk started in the 4.9% area, before leads ratcheted in pricing on Friday afternoon.One DCM banker not involved in the transaction said orders reached $400m. The bank took a 30bp concession, based on where its 2021s w

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