ETESA makes bond market debut

ETESA makes bond market debut

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Energy Electricity Project & Infrastructure Finance Panama US

Panama's ETESA received heavy orders in its debut in the international bond market, selling $500m in 30-year notes, but it reduced the size of the offering from initial plans of $750m, LatinFinance has heard. "Books were five times oversubscribed," said a banker on the deal, adding that the strong demand allowed the state-owned transmission company to lower the yield by 25bp. The bookrunners Bank of America and Scotiabank priced the notes to yield 5.125% after they put the initial price talk a

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