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Panama plans to sell up to $89.5 million of international bonds through a development fund. Morgan Stanley placement

Thursday, October 27, 2011


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