This is the first outlay by a multilateral institution in this market and one of the largest that has been made in Panama, in terms of amount and term. Investors who participated in the transaction were banks, insurance companies and other agencies from the public and private sectors in the country. The structuring agent and underwriter was HSBC.
The Chief Executive Officer of the Latin American financial institution pointed out "by doing this we are contributing efficiently to Panama’s development, a country whose diversified economy has the financial sector as one of the most important for economic growth, along with by the transport, commerce and construction industries, among others ".
Source: CAF
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December 2010
This is the first time the National Bank performs a local issue in a rolling program of up to $ 300 million.
The manager of the entity, Dario Berbey, said that "taking advantage of the current climate of interest rates, we are issuing the bonds to take advantage of the difference which occurs between the liabilities and assets at a time when we are providing long-term lending to major sectors of the country, boosting the economy and creating jobs in tourism, energy, infrastructure and agriculture.”
March 2012
The Ministry of Economy and Finance received bids for $270 million in the first reopening of Treasury bonds with a coupon of 5.625% and maturing in 2022.
A statement from the Ministry of Economy and Finance reads:
The MEF, through the Directorate of Public Credit, is continuing its efforts to create a domestic yield curve which will serve as a reference for the country's financial sector, by performing the first reopening of Treasury bonds with a coupon of 5.625% and maturing in in 2022.
January 2011
The country successfully managed to allocate $ 500 million in bonds in the Japanese market.
The Ministry of Economy and Finance (MEF) of Panama reported that the bonds known as "Samurai" are backed the Japan Bank for International Cooperation (JBIC).
"The MEF said the issuance was placed among qualified institutional investors in Japan, including central banks, insurers, regional banks and other financial institutions," reported Prensa.com.
August 2011
The National Highway Company (ENA in Spanish) has issued certificates on the stock exchange in order to raise funds for the South Corridor for the company ICA.
Using debt bonds, with one series placed on the international market and another in the local market, the ENA was able to raise $225 million in the local market at a rate of 5.25% and $170 million in the international market at 5.75%.
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