Global Bank grows five-year bond

Global Bank grows five-year bond


Panama’s Global Bank priced a 5.125% $400m 2019 bond on Tuesday, increasing the deal from the $300m originally planned, LatinFinance heard. Citi and Deutsche Bank were heard to price the bond at a yield of 5.205%, which equals a spread of 370bp over US Treasuries. That was down from initial price thoughts of high-300bp area that were later revised to 375bp area, plus or minus 5bp. The Ba1/BBB-/BBB- rated lender met bond investors on a roadshow that finished on Monday. Global Bank debuted in the

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