Mercantil drafts refinancing plans after acquisition

Mercantil drafts refinancing plans after acquisition

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Panama Equity M&A

Mercantil Banco Panamá could issue more bonds in the local market and do a private placement in the United States next year to refinance debt held by Capital Bank, said Luis Huitron, the bank's head of funding and investor relations. "The bank comes with several loans, both multilateral and from the public market, that probably have to be refinanced... to optimize the cost of capital," Huitron told LatinFinance in an interview on Tuesday. "Its cost of capital is much higher than ours. So, it's g

Already have an account?

Free trial

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

Free Trial