The government of Panama has completed the ten–year bond issue for 41,500 million yen (about $500 million) in Japan’s capital market.
Panama has become the third Latin American country together with Colombia and Mexico to enter into the Japanese market. The issue, partly backed by the Japanese Bank for International Cooperation, was structured and place by Daiwa Security Capital Market and Mitsubishi UFJ Morgan Stanley Securities. With 1.81% interest rates, the bonds were placed among private qualified investment institutions such as central banks, insurance companies, regional banks and other financial institutions. The demand doubled the offer.
