Banconal places $1 bln in cross-border market

Banconal places $1 bln in cross-border market

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Panama

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

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