Home / Daily Briefs / 2023 / 24 / Grupo Los Pueblos launches bond program in Panama

Grupo Los Pueblos launches bond program in Panama

Grupo Los Pueblos launches bond program in Panama

May 24, 2023 | Hernán Goicochea
Panamanian real estate developer could issue up to $50 mln worth of notes to fund investments and add to working capital

Corporate & Sovereign Strategy Debt Bonds Fixed Income Capital Markets Panama

Panamanian real estate developer Grupo Los Pueblos said it plans to sell up to $50 million worth of bonds in the local market through a new program, according to a prospectus. Grupo Los Pueblos plans to issue multiple series of dollar-denominated notes at fixed rates or with a spread based on the secured overnight financing rate (SOFR) to fund investments and add to working capital, the company said in the prospectus on Monday. The company has hired Banco Aliado as structuring agent and Geneva A

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