Panama returns with skinny concessions

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Panama returns with skinny concessions

Oliver West
November 20, 2019 04:45 AM
Nito, President, Laurentino Cortizo, Panama, Central America, LatAm
(190702) -- PANAMA CITY, July 2, 2019 (Xinhua) -- Panama's new president Laurentino Cortizo (L) applauds during his inauguration ceremony in Panama City, Panama, on July 1, 2019. Laurentino Cortizo was sworn in as Panama's new president on Monday. (Xinhua) | unreguser/Xinhua News Agency/PA Images

Yield-hungry bond investors helped the Republic of Panama to a $1.3bn dual-tranche bond that bankers judged offered little new issue premium, even as rating agencies issue warnings about a deteriorating fiscal picture in the country.

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Oliver West
US Bureau Chief - Latin America Editor
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