Panama to Issue $ 600 Million in Bonds
During 2011 the Government will issue up to $ 600 million in Treasury Notes to finance the deficit and meet debt maturities.
Friday, January 7, 2011
Alberto Vallarino, Minister of Economy and Finance, explained that the deficit for 2011 is planned at $ 436 million, but could grow as a result of national emergencies.
The treasury has issued 2% less bonds than planned, due to poor investor appetite for these securities.
A nominal rate of 8.75% plus the devaluation of the Lempira -estimated 3.5% this year, will be paid for the $500 million placed in the international market.
The Ministry of Finance issued $ 10.5 million in dollar-denominated securities and $ 103 million in Quetzales (Q802 million).
The Nicaraguan Treasury announced it will issue $5 million bonds in the local market on March 10th.
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