April 30, 2019 |
Panama's ETESA is set to issue $50m in local notes this week after an international bond market debut last week left it short of cash to meet its near- and medium-term liabilities, LatinFinance has heard.
The state-owned transmission company sold $500m in 30-year notes last week in a deal that was five times oversubscribed, raising money to meet $550m in upcoming loan payments.
ETESA had sought to sell $750m in international notes, but Panama's regulators only approved $500m, said a banker in
Panama's state-owned transmission company outlines a $50m deal after last week's international bond debut