Banconal tightens as buyers spot sov pick-up

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Banconal tightens as buyers spot sov pick-up

Panama City, Banistmo, Panama, skyscrape, cityscape, ocean, LatAm, 575
Astrid Garces - stock.adobe.com

The first ever international bond issued by government-owned lender Banco Nacional de Panamá (Banconal) performed well on the break this week as investors said the deal offered a healthy pick-up to the sovereign curve.

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