Panama eyes panda bond market for $500 million

Panama will probably sell so-called Panda bonds this year to take advantage of lower borrowing costs in the Chinese market.

After swapping the money back into dollars, the country may be able to trim a quarter or half a percentage point from the rate it would need to pay for an equivalent maturity dollar bond, the nation’s Finance Minister Dulcidio De La Guardia said Wednesday, in an interview in Sao Paulo.

Source: Bloomberg