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Panama eyes $1 billion bond to meet growth goal

Tuesday, April 4, 2017

Panama plans to raise $1 billion on the international bond markey as part of an investment drive to underpin economic growth and shrug off the impact of recent financial scandals.

Dulcidio de la Guardia, the economy and finance minister, said that Panama, whiich has an investment-grade rating, would place at least $1 billion in new international bonds to cover part of its $2.7 billion financing needs for this year.

Source: Global Capital