Banistmo ups bond size as bankers see value

Panama, Panama City, Central America, LatAm, Banistmo, 575
By Oliver West
29 Jul 2020

Banistmo, Panama’s second largest lender tightened pricing sharply on a seven year bond on Tuesday as bankers said the market was still in excellent shape, though others thought the bank had been too conservative with its pricing strategy.

Banistmo, which since 2013 has been fully owned by Colombia’s largest lender Bancolombia, set initial price thoughts first thing on Tuesday at 5% for a proposed $300m seven year deal. This came after Bank of America, Citi and JP Morgan had led investor calls for ...

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