Banco Panameño de la Vivienda SA on Dec. 5 plans to offer up to US$10.0 million in debt through the issuance of two new series of securities.
The Panamanian bank, known and Banvivienda, will offer $5.0 million of one-year series BD negotiable commercial securities, as well as $5.0 million in six-month series BE securities. Both series of debt are set to be issued Dec. 7.
The series BD debt carries a 3.875% interest rate, while the series BE instruments have a 3.375% rate.
Both issuances are part of Banvivienda's negotiable commercial securities program worth up to $50.0 million.
