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Banco Nacional de Panamá in $300 million bond issue

Thursday, December 2, 2010


Banco Nacional de Panamá (Banconal) launched its first local issue of bonds, in a rotating program of $300 million in several series that run from two to 10 years.

The issue aims to raise long-term resources to support sectors such as energy, farming, affordable housing and hotels.

The bank’s funds are 60 percent public.

Original source (in Spanish): Panamá América