*Panama’s government led by President Laurentino Cortizo has issued three bonds on the international market for a total of US$3.1bn. One, for US$1.1bn, has a yield of 7.50% and is due to expire in 2031, another, for US$1.25bn, has an 8.00% yield and is due to expire in 2038, while the other, for US$750m, has a 7.875% yield and is due to expire in 2057. The government received offers for over US$19bn and said that the funds raised would finance state investment and paying off debt.
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LatinNews Daily - 23 February 2024
In brief: Panama places bonds on international markets
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