July 24, 2020 |
Panamanian lender Banistmo started calls with investors on Thursday, looking to make a benchmark-sized deal for dollar-denominated bonds of intermediate maturity, a source involve in the deal told LatinFinance.
Bank of America, Citi and JPMorgan are leading the deal for Banistmo, a subsidiary of Bancolombia, the source said.
Moody's assigned a Baa3 rating to the proposed sale of $500 million worth of bonds, citing support from Bancolombia and Banistmo's strong capitalization and reduced liquidit
Bancolombia's branch in Panama plans a benchmark-sized deal of five- to 10-year notes