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LatinNews Daily - 20 September 2019

In brief: Panama’s gov’t plans future bond issuances

* Panama’s economy & finance minister Jorge Almengor said that the executive has authorised a US$5bn increase in the amount of debt it can issue before the US Securities and Exchange Commission (SEC). Almengor said the decision is “an umbrella authorisation that allows Panama to conduct future international bond issuances in accordance with its external financing requirements”. The decree (No.26) authorises the increase of Panama’s Shelf Registration before the SEC, allowing the country to access international capital markets, to carry out bond issuances and offers of security in a timely manner, and to efficiently manage liabilities of the state. Panama’s government has reiterated that the decision does not represent an increase in Panama’s debt in the capital markets and allows the country to take advantage of favourable environments to carry out future bond placements in the US market.

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