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Panama to issue tap of dollar-denominated 4½% bonds due in 2050
By Rebecca Melvin
New York, Oct. 18 – Panama is planning to issue a tap of its dollar-denominated 4½% bonds due in 2050, according to a filing from the sovereign.
Deutsche Bank is bookrunner for the Securities and Exchange Commission-registered deal. Its syndicate desk declined to comment on the new notes being priced to form one series with the original $1.2 billion of 2050 notes, which priced in April at a yield spread of Treasuries plus 150 basis points.
Application will be made to list the bonds on the Luxembourg Stock Exchange for trading on the Euro MTF Market.
The proceeds will be used for budgetary purposes.
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