Panama increases debt shelf to $2.4 billon

New York, Nov. 2 - The Republic of Panama increased its previously registered debt shelf to $2.4 billion from $2 billion, according to a registration statement filed on form S-B/A with the U.S. Securities and Exchange Commission.

The Central American country originally filed for an up to $2 billion debt shelf on Oct. 7.

In addition to debt securities, the registration also covers warrants.

The total $2.4 billion of shelf capacity is made up of the $400 million just added, $1.850 billion previously filed and $150 million carried forward unsold from a previous registration.

Proceeds from securities sold under the shelf will be used for general purposes including refinancing external and internal debt and other budgetary needs.

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