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Banco Panamá to offer $1.8M in bonds

Banco Panamá SA on Dec. 7 will offer negotiable commercial securities worth about $1.8 million.

The six-month, series BB bonds carry a 3.25% interest rate and will be issued Dec. 12, according to a filing.

The bank said the proceeds from the debt offering will be used for productive assets, working capital and investments.

The offering is part of the bank's rotating program for commercial securities worth $100.0 million.