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. We want to reduce a high percentage of it or if we can all of it," explained Dario Espinosa, Deputy Minister of Finance.
While Costa Rica issues Eurobonds with a maturity of 30 years at 5.625%, Panama has issued theirs for 40 years at 4.40%.
The recent issuance of a global bond in the amount of $750 million with a fixed rate of 4.30% and maturity date of 2053, was described by analysts as a sign of confidence in Panama by international markets.
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Represents the Company RTS INTERNATIONAL, Inc. of Kansas Cyty, TX, USA, for the territory of Guatemala and Central America. RTS finance exports through Factoring system.
Operates in Guatemala
Phone: (502) 2369 5408 - (502) 5709 2986