Banco Nacional de Panama Issues $1 Billion in Bonds

In an auction process in which more than 200 investors from different parts of the world participated, the bank placed the debt at a rate of 2.5% for a 10-year term.

Wednesday, August 5, 2020

This transaction is the first international bond issue in the capital markets of Banco Nacional in its almost 116 years of existence and represents the largest issue that any Panamanian financial institution has made.

You may be interested in "Financial Services: Business Potential in Central America"

The National Bank's press release dated August 5 explains that an overdraft of $4.8 billion was achieved and that the placement of this issue was carried out by Credit Suisse and Goldman Sachs, covering the markets of the United States, Europe, Asia and Latin America.

See "Credits: Potential Market in the Region"

Javier Carrizo Esquivel, General Manager of Banco Nacional de Panama, explained that "... It is the largest issue and at the lowest rate obtained by a financial entity in the country. This is truly a historic day, since in the context of this pandemic, the full confidence of the capital markets in Panama has been demonstrated. We left with an issue of up to $1 billion, approved by our Board of Directors and the Cabinet Council, and we have achieved a demand of almost 5 times more."

According to studies conducted by CentralAmericaData, at a regional level about 16 million people are looking to hire financial services over the Internet, of this group of consumers, 10% are located in Panama.

¿Necesita información detallada del mercado de servicios financieros? Contáctenos








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Financial System: Warning by Bill

October 2020

In the Honduran Congress there is a bill that seeks to prohibit banks and finance companies from capitalizing interest on payments not made from March 2020 to December 2021, a measure that worries the sector.

The initiative was sent by the Executive to the National Congress months ago.

More People Seek Credit Cards

September 2020

In the last few months, interest in credit cards has been increasing in the digital environment, a rise that is mainly explained by the behavior of consumers in Panama, Honduras, El Salvador and Costa Rica.

Through a system monitoring changes in consumer interests and preferences in Central American countries in real time, developed by CentralAmericaData, it is possible to project short and long term demand trends for the different products, sectors and markets operating in the region.

Financial Services: Business Potential in Central America

June 2020

At a regional level, nearly 16 million people are looking to purchase financial services online. Of this group of consumers, approximately 11% are exploring options for acquiring a credit card.

The interactive information system developed by CentralAmericaData, monitors in real time the changes in consumer habits in all markets of the region, with fundamental information to understand the new commercial environment that has emerged in an accelerated manner.

Financial Services in Latin America

December 2011

Economy and Development Report by CAF - Development Bank in Latin America -entitled Financial Services for development: promoting access in Latin America.

From the introduction of the first chapter of the report:

Access to financial services - Development and Welfare

Why could access to financial services be an important factor for economic development and welfare in Latin America? A first important aspect is that financial institutions have the mission to attract domestic savings, and possibly also those from external sources, to finance both working capital (liquidity needs) such as business investment (physical capital). Meanwhile, families also require credit to finance investment or expenditure needs (e.g. children's education or purchase of durable goods), whose timing may not coincide with the availability of current income or savings.

 close (x)

Receive more news about Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Gluten-free food business for sale

Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand.
The OHNE brand has 8 product lines: square bread, sweet...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Oct 23)
Brent Crude Oil
42.97
Coffee "C"
108.70
Gold
1,910
Silver
24.855