Panamanian Multibank debuts in dollars with five year
Panamanian lender Multibank sold $300m of five year bonds on its first US bond market outing on Monday.
After wrapping up a roadshow on Friday, Multibank on Monday launched its new senior unsecured November 2022s at 240bp over US Treasuries, despite a public holiday.
BBB-/BBB- rated Multibank re-offered the 4.375% bonds at 99.956 to yield 4.385% after attracting nearly $1bn of orders.
According to one bond trader,
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