Panama Issues Local Bonds

This is the first time the National Bank performs a local issue in a rolling program of up to $ 300 million.

Wednesday, December 1, 2010


©image: Banco Nacional de Panamá

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.”

The institution in charge of issuing will be the stock brokerage of the National Bank of Panama.

More on this topic

Costa Rica: Government Seeks to Issue $ 2.000 Million in Debt

March 2011

The plan submitted to the Legislature provides for the issuance of up to $ 2.000 million in sovereign bonds over the next 10 years.

Finance Minister Fernando Herrero, said that the issuance complies with the government's financing needs.

La Nacion includes more official statements on its website: "What we are saying is that we must seize the international financial market conditions at this time in order to reduce the cost of public debt and improve our profile for debt to become more long term."

Panama Raises $395 million with Bonds

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%.

Café Britt Issues $ 20 Million in Bonds

February 2011

The Costa Rican company announced a standardized bond debt of $ 20 million.

The company had already made an issuance in 2003 and this time the funds will be used to invest in productive assets and replacing of bank liabilities.

El Financiero´s website adds, "At the moment, the information contained specifies that the face value of the instrument will be $ 1.00, on a quarterly basis and with placement on the National Stock Exchange."

Panama to Issue $2 Billion in Domestic Stock Market

April 2011

The Government of Panama is considering issuing $2 billion in debt in the local securities market.

This initiative seeks to boost the development of the domestic securities market, and was one of the recommendations issued by Standard & Poors for Panama to sustain and increase its 'investment' debt rating, awarded in May 2010.

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