Panama prints largest ever deal despite volatility

AdobeStock_Panama_575x375_25Sept2020
By Oliver West
24 Sep 2020

The Republic of Panama sold its largest ever bond across three tranches on Tuesday, clinching tight pricing on a new 12 year but appearing to offer value on a longer bond and a local law tap.

On what was the calmest day of the week for EM credit as the asset class began to react to broader global volatility, Panama announced a new benchmark maturing in September 2032, a reopening of its 3.7% July 2060s, and a tap of its 3.75% local law treasury ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial