Banco General issues dollar perps

Banco General issues dollar perps

Corporate & Sovereign Strategy Bonds Debt Fixed Income Panama Capital Markets

Panama's Banco General sold $400 million worth of perpetual non-call 10 Tier 1 notes after orders reached $1.1 billion on Tuesday, said a source involved the deal.  With Bank of America, JPMorgan and Goldman Sachs as joint bookrunners, the Panama City-based bank priced the perpetual notes at par to yield 5.25%, the source said. The bank opened the deal with the initial price talk in the high-5% to 6% area, before setting guidance at 5.375%, plus or minus 12.5 basis points, and launching at 5.25%

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial