Panama Issues Local Bonds

This is the first time the National Bank performs a local issue in a rolling program of up to $ 300 million.

Wednesday, December 1, 2010

The manager of the entity, Dario Berbey, said that "taking advantage of the current climate of interest rates, we are issuing the bonds to take advantage of the difference which occurs between the liabilities and assets at a time when we are providing long-term lending to major sectors of the country, boosting the economy and creating jobs in tourism, energy, infrastructure and agriculture.”

The institution in charge of issuing will be the stock brokerage of the National Bank of Panama.

More on this topic

Panama: Issue of $900 million in Domestic Debt

July 2013

The proceeds obtained will be used to replace external with internal debt, via an exchange or payment for the global bond Panama 2015.

"Before the end of this year we want to do another operation for liability management. This will be based on what we have left to reduce from the 2015 global bond, a little over $900 million.

Panama Raises $395 million with Bonds

August 2011

The National Highway Company (ENA in Spanish) has issued certificates on the stock exchange in order to raise funds for the South Corridor for the company ICA.

Using debt bonds, with one series placed on the international market and another in the local market, the ENA was able to raise $225 million in the local market at a rate of 5.25% and $170 million in the international market at 5.75%.

Panama to Issue $2 Billion in Domestic Stock Market

April 2011

The Government of Panama is considering issuing $2 billion in debt in the local securities market.

This initiative seeks to boost the development of the domestic securities market, and was one of the recommendations issued by Standard & Poors for Panama to sustain and increase its 'investment' debt rating, awarded in May 2010.

Costa Rica: Government Seeks to Issue $ 2.000 Million in Debt

March 2011

The plan submitted to the Legislature provides for the issuance of up to $ 2.000 million in sovereign bonds over the next 10 years.

Finance Minister Fernando Herrero, said that the issuance complies with the government's financing needs.

La Nacion includes more official statements on its website: "What we are saying is that we must seize the international financial market conditions at this time in order to reduce the cost of public debt and improve our profile for debt to become more long term."

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