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Multibank makes plans for bond return

Multibank makes plans for bond return

January 24, 2023 | Hernán Goicochea
Panamanian lender aims to raise $300 mln in the sale of five-year notes to pay off debt, Fitch says

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Panama

Panamanian lender Multibank is expected to return to the international bond market this year to raise $300 million for paying off debt, according to Fitch Ratings. "The tenor is likely to be five years, and a maturity date is yet to be determined," Fitch said in a report on Monday. Fitch assigned the proposed notes a BB+ rating, saying Multibank can count on support from its owner, Colombian financial holding company Grupo Aval, in the case of default. A company source told LatinFinance in July

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