November 7, 2017 |
Multibank raised $300m in 4.375% 2022s on Monday, pricing the five-year trade on the tight end of guidance, DCM bankers told LatinFinance.
The Panamanian bank picked Mizuho and UBS for its maiden dollar deal and the pair set initial price talk in the high 200bp area. The price was brought in to between 240bp and 260bp at guidance, before the leads launched at 240bp over US Treasuries.
Multibank got the paper with a 4.375% coupon to yield 4.385%, or a reoffer price of 99.956.
Proceeds will refina
Panamanian bank follows its Swiss franc trade with a $300m 2022 bond sale