Panama Could Sell Debt for up to $2.5 Billion

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.

Friday, November 13, 2009

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.

From Bloomberg.com: "The extra yield investors demand to own Panama’s dollar bonds instead of U.S. Treasuries has narrowed to 1.88 percentage points from 5.40 percentage points on Dec. 31, according to JPMorgan Chase & Co.".

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Panama Issues $1 Billion in Debt

April 2019

The Panamanian government issued debt securities in the local market at a 3.75% interest rate, with a seven-year term.

It is the first time that international investors agree to the purchase of a treasury note Baa1/BBB/BBB issued under Panamanian Law and listed on the Panama Stock Exchange, using the Euroclear platform, informed the Ministry of Economy and Finance (MEF), in a statement.

Panama to Issue $2 Billion in Domestic Stock Market

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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.

El Salvador Pays 2 Percentage Points More

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The country will have to pay an interest rate of 7.37% for $800 million in bonds sold today, whereas Panama will only have to pay 5.22% for $1 billion issued this week.

Three days ago, Moody's downgraded El Salvador's sovereign debt from Baa3 to Ba1, with a negative outlook.

Panama Sells $1 Billion Bonds

November 2009

The Government raised $1 billion through a 10-year bond offer, after an improvement in its sovereign debt ratings.

The new rating pushed the country to the verge of investment grade. Credit Suisse Group AG and Deutsche Bank AG were the underwriters.

"The securities were priced at 99.796%, with a yield of 5.224%, maturing in January 2020", reported Prensa.com.

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