CAF in Panamanian Market Debut

The financial institution announced the placement of $40 million in the local market, the first outlay by a multilateral in the country.

Tuesday, May 10, 2011

This is the first outlay by a multilateral institution in this market and one of the largest that has been made in Panama, in terms of amount and term. Investors who participated in the transaction were banks, insurance companies and other agencies from the public and private sectors in the country. The structuring agent and underwriter was HSBC.

The Chief Executive Officer of the Latin American financial institution pointed out "by doing this we are contributing efficiently to Panama’s development, a country whose diversified economy has the financial sector as one of the most important for economic growth, along with by the transport, commerce and construction industries, among others ".

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