Economy & Business - March 2024

PANAMA | Bonds placed on international markets. On 22 February Panama’s government led by President Laurentino Cortizo issued three bonds on the international market for a total of US$3.1bn. One, for US$1.1bn, has a yield of 7.50% and is due to expire in 2031, another, for US$1.25bn, has an 8.00% yield and is due to expire in 2038, while the other, for US$750m, has a 7.875% yield and is due to expire in 2057. The government received offers for over US$19bn and said that the funds raised would finance state investment and paying off debt.