August 5, 2020 |
Banco Nacional de Panamá, or Banconal, one of two government-owned banks in Panama, sold $1 billion worth of 10-year dollar-denominated bonds, a source familiar with the details of the transaction said.
The 2030 notes carried a 2.5% coupon and sold at a discount of 99.92 to yield 2.51%, the source said.
With Credit Suisse and Goldman Sachs as bookrunners, Banconal started with initial price talk in the mid-200 basis points over US Treasury bonds, setting guidance in at 210 points, plus or minus
Panamanian state-owned bank prices new 10-year notes to yield 2.51%