July 29, 2020 |
Panamanian lender Banistmo sold $400 million worth of seven-year notes on Tuesday with yields drawing narrower on the initial price targets, sources familiar with the details of the transaction said.
The 2027 notes, carrying a 4.375% coupon, were sold at a discount of 99.253. When the transaction launched it had initial price targets in the 4.5% range, sources said.
The joint bookrunners on the deal were Bank of America, Citi and JPMorgan.
This latest offering extends the bank's US dollar yield
Bancolombia's subsidiary in Panama issues $400 mln worth of seven-year notes with a coupon of 4.375%