Panama returns with skinny concessions
![Nito, President, Laurentino Cortizo, Panama, Central America, LatAm](https://assets.euromoneydigital.com/dims4/default/3038f83/2147483647/strip/true/crop/230x153+0+0/resize/840x559!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F44%2F46%2Fa121b44a20d1e412812ac3d9c13f%2Fpa-panama-laurentino-cortizo-230x150.jpg)
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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