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Panama sets talk for bonds due January 2026 at Treasuries plus 262.5 bps area
By Reshmi Basu
New York, Nov. 14 - The Republic of Panama set price guidance for an offering of bonds due Jan. 2026 (Ba1/BB/BB+) at 262.5 basis points more than Treasuries, according to a market source.
Citigroup is running the Securities and Exchange Commission-registered notes.
The amount of the offering is to be determined.
On Monday, the country announced a cash tender offer to buy $2.25 billion of its global bonds. Proceeds from the new issue will be used finance the tender offer.
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