October 19, 2018 |
Panama reopened its 2050 bond on Thursday, adding $550m to the long-term note after sole lead Deutsche Bank priced the tap on the tight end of suggested guidance.
Initial price talk (IPT) started at 160bp over US Treasuries before the sovereign issuer fixed guidance between 155bp and 160bp over Treasuries.
Panama's 2050s dropped to 94.2 from 96 in the secondary market after the reopening was announced, DCM sources said.
By late morning, sources told LatinFinance that orders had inflated to $750m
Sovereign issuer adds $550m to its longer-dated note