$602 million in bond issues pending in Panama

Panama's National Securities Commission says there are 13 bond issues pending that will raise a total of 602 million dollars.

Wednesday, July 23, 2008

Among the upcoming issues are a 250-million-dollar issue of perpetual bonds for from Banco General; another from Global Bank Corp for 60 million dollars; and three from the International Bank of Costa Rica, the Multistrategy Fixed Income Fund and the Sociedad de Inversión Inmobiliaria Balboa, each for 50 million dollars.

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Panamá As Seen by the IMF in March 2013

April 2013

Panama’s economy continues to grow strongly, buoyed by the Panama Canal expansion and large public infrastructure projects.

With average annual growth rates of 8.5 percent, Panama’s per capita GDP has more than doubled over the past decade. This impressive growth performance has been driven by a steady rise in public and private investment in a stable economic environment buttressed by prudent policies.

Panama: The Largest Insurance Market in the Isthmus

April 2012

Panamanian insurers managed to sell $1.1 billion worth in 2011, beating Costa Rica ($794 million) and Guatemala ($620 million).

Panamanian insurers managed to sell $1.1 billion worth of insurance in 2011, according to the Superintendency for Insurance and Reinsurance in Panama. With the number of premiums written by the industry beating Costa Rica ($794 million) and Guatemala ($620 million).

Panamanian Debt Declines on Failed Offering

December 2009

Panamanian government bonds sank as much as 5.25% yesterday, after a failed attempt by a state-owned fund to sell $760 million.

The Fiduciary Fund for Development, an important buyer of Panamanian debt, tried to sell up to $760 million worth of sovereign bonds. This triggered a drop in prices, as investors grew concerned that a major source of demand would be removed.

Panama Could Sell Debt for up to $2.5 Billion

November 2009

According to a filing with the U.S. Securities and Exchanges Commission, the Canal country could sell up to $2.5 billion in bonds and warrants.

This decision could be motivated by a recent improvement in Panama's rating on behalf of Standard & Poors, who raised its investment rating outlook to "Positive", putting the country on the cusp of investment grade.

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