By Christine Van Dusen
Atlanta, Oct. 26 - The Republic of Panama has priced an $89.5 million add-on to its 7 1/8% notes due Jan. 29, 2026 at 126.35, according to a filing with the Securities and Exchange Commission.
Morgan Stanley was the bookrunner for the notes, which are being sold on behalf of the Fondo Fiduciario para el Desarrollo, a trust formed under the laws of Panama.
The original issue priced in 2005 and totaled $980 million.
Proceeds will be used for reinvestment in securities.
| Issuer: | Republic of Panama, on behalf of Fondo Fiduciario para el Desarrollo
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| Amount: | $89.5 million
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| Maturity: | Jan. 29, 2026
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| Description: | Global notes
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| Bookrunners: | Morgan Stanley
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| Coupon: | 7 1/8%
|
| Price: | 126.35
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| Trade date: | Oct. 26
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| Distribution: | Securities and Exchange Commission registered
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