July 20, 2022 |
Mercantil Banco Panamá is looking to sell $38.5 million worth of five-year bonds in the local market on Friday and expects to issue additional notes in the coming weeks due to higher-than-expected demand from investors, said Luis Huitron, the bank's head of funding and investor relations.
"We were originally looking to put up $35 million, but there has been a lot of interest in the name and the bond," Huitron told LatinFinance on Tuesday.
"Talking with several clients, we realized that there was
Panama City-based lender could come to market with two deals within weeks to meet investor demand, head of funding says