Panama to Issue $50 million in Treasury Bills

On August 4 the Ministry of Finance will auction $50 million in Treasury notes maturing in June 2019.

Friday, July 31, 2015

The auction will take place on August 4, with a settlement date on August 7 and maturity on June 5, 2019, and the resources will be used to "finance the government ... or to pay for other debt programs."

According to a statement published by the Panama Stock Exchange (BVP) the auction will be American, multiple price and will be held in the BVP, the paying agent is the National Bank of Panama and the registration agent is Central Latinoamericana de Valores. Submission of bids will be received from 9:00 am. 10:00 pm. through the electronic auction system of the BVP.

More on this topic

Panama's Debt: Benefits of using Bloomberg

October 2014

The placement of Panamanian securities through the Bloomberg platform will mean greater exposure to global investors and consequently increased demand.

It is expected that the Comptroller General's Office will endorse, no later than December, a contract to operate in the Bloomberg platform. From that moment the Panama Stock Exchange will no longer be used to issue Panamanian Government securities.

Panama: Government Abandons Stock Exchange

October 2014

An announcement has been made that in the short-term auctions of securities by Panamanian State will no longer be made in the local market and instead will be carried out through the Bloomberg platform.

Given the lack of investment in technology on the part of Panama stock exchange, the government has announced that it will begin making the auctions using the Bloomberg platform.

Panama: Treasury Notes Issued for $20 million

August 2014

On August 12th the Ministry of Finance will auction $20 million with a one year term through the electronic system of the Stock Exchange.

The settlement will be made on August 15th, according to Katyuska Correa, Director of Public Credit, in a note to the Panama Stock Exchange.

Panama Issues $34 million Treasury Bills

January 2013

The Republic of Panama began on January 15 emissions for the State Titles in 2013, auctioning Treasury Bills, for which it received offers for $ 51.3 million.

A press release from the Ministry of Economy and Finance reads:

The Republic of Panama has begun its program of government securities emissions for 2013, with the first auction of Treasury bills on Tuesday 15 January, receiving competitive proposals for the sum of U.S.

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