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Panama makes 'unexpected' bond return

Panama makes 'unexpected' bond return

March 22, 2023 | Hernán Goicochea
Central American country raises $1.8 bln in the midst of a banking crisis as orders peak at $9 bln, sources say

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Panama

Panama made a surprise return to the international bond market on Tuesday, raising $1.8 billion in a two-part deal after investors placed as much as $9 billion in orders, market sources told LatinFinance. "It was somewhat unexpected for Panama to be the first country to come with a deal in the middle of global banking turmoil," said Zulfi Ali, a fixed income portfolio manager at PGIM, the investment management division of Prudential. The sovereign issuer was looking to issue at least $1.5 billio

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