October 24, 2022
Panama City-based lender Multibank said it plans to issue $100 million in dollar-denominated bonds in the local market, despite hints earlier this year that it could raise debt in the international market.
Multibank expects to price the five-year bonds with a fixed rate on October 27 and use the proceeds to shore up capital levels, it said in a securities filing.
Fitch Ratings said it assigned the bonds an A+(pan) rating on the local scale, two steps below the AA(pan) credit rating for Multibank
Panama City-based lender plans to issue $100 mln in five-year notes on October 27