Metro, General jump on Panama demand

By Oliver West
03 Aug 2017

Two Panamanian companies sold rare bonds from the country on Tuesday, taking advantage of pricing off one of the tighter sovereign curves in Latin America.

Lender Banco General and an issuance vehicle backed by the construction of the second line of the capital city’s metro both found strong support from investors.

BBB/BBB+ rated Banco General — boasting the unusual attribute of having a better rating than the sovereign (Baa2/BBB/BBB) — announced initial price thoughts ...

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