Panama wraps up bond buyback

Panama wraps up bond buyback

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Panama Mexico

Panama said Tuesday that it agreed to repurchase $485 million worth of 4% 2024 bonds after investors tendered $505 million, or roughly 60.3% of the outstanding amount. The Central American country has agreed to pay $986.59 for every $1,000 in principal to bondholders who tendered their notes by the deadline on November 29, it said in a press release. Bank of America and HSBC were the dealer managers. Panama announced the buyback offer last week, looking to repurchase as much as $837 million wort

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