Panama plans to sell up to $89.5 million of international bonds through a development fund. Morgan Stanley placement
Panama is one of several borrowers in emerging markets that are expected to sell international bonds.
Panama may sell as much as $89.5 million of international bonds through a development fund. The Fiduciary Fund for Development, owned by the Panamanian government, may sell the 7.125 percent securities due in 2016, according to a filing with the US Securities and Exchange Commission.
There are $980 million outstanding of the notes, which were issued in November 2005. Morgan Stanley is arranging the sale, according to the filing.
Original source: Bloomberg