Multibank lines up local bond sale

Multibank lines up local bond sale

Bonds Debt Fixed Income Capital Markets Panama Colombia Central America

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

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