Panama ventured today into the international capital markets through the reopening of Global Bonds expiring in 2032 and 2060 for an amount of $2.45 billion, as part of the financing plan for fiscal year 2021, informed the Ministry of Economy and Finance (MEF).

According to the MEF's press release dated January 21, 2021, the issuance is part of the 2021 financial strategy, whose financing needs are estimated at $6 billion, including debt amortizations for an approximate amount of $1.822 billion.

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The document reviews that "... the market reaction was extremely positive receiving offers from 200 investors for more than $6 billion, which demonstrates the market's confidence in the credit profile of the Republic of Panama, in times of great challenges at a global level in economic, social and health matters.

According to the needs for the year 2021, of the total debt managed and disbursed during 2020, $1 billion was earmarked as a pre-funding to meet the commitments of the 2021 Budget."

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