Panama places $1.3Bn in bonds on international market

• Panama has placed $1.3Bn in bonds on the international market, at the lowest rates it has received, Economy and Finance Minister Hector Alexander said on Tuesday, November 19.
• The funds will be used primarily to pay interest on bonds due in January, he told a news conference. The 10-year bonds came with an effective interest rate of 2.83% and the 30-year bonds with a rate of 3.6%.
• Some of the money will also be used to help pay bonuses to retirees, he added.

(Source: Reuters)