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Banco La Hipotecaria to offer bonds worth up to US$2M

Panama's Banco La Hipotecaria SA plans to offer two series of bonds on the Panama stock exchange worth a total of up to US$2 million, the bank said in separate securities filings.

On May 30, the bank will offer 360-day bonds worth up to US$1.0 million at an annual interest rate of 3.875%. The series CDF bonds will be issued June 1.

Separately, the bank on June 6 will offer 360-day bonds worth up to US$1.0 million at an annual interest rate of 3.875%. The series CDG bonds will be issued June 8.

Both bond series are part of the bank's U.S. dollar-denominated negotiable bonds program for up to US$35 million.

Banco La Hipotecaria is a part of La Hipotecaria (Holding) Inc.