Panama reopens dollar notes

Panama reopens dollar notes

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Economy & Policy Panama

Panama raised $2.45 billion in a two-part bond sale on Wednesday, the same day it announced that it received a $2.7 billion line of credit from the International Monetary Fund (IMF) to guard against external shocks caused by the COVID-19 pandemic. In the bond deal, the Central American nation added $1.25 billion to its 2.25% 2032 bonds and also tapped in 3.875% 2060 notes for $1.2 billion. It priced the 2032 reopening at 100.543 to yield 2.198%, or 112 basis points over US Treasury notes, and th

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