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Banco Panameño de la Vivienda readies securities offering worth $1M

Banco Panameño de la Vivienda SA on Dec. 20 will offer $1.0 million of negotiable commercial securities.

The series CD bonds have a term of one year and yield at a 3.875% interest rate. They will be issued Dec. 22.

The issuer will use the funds to finance the expansion of its productive assets.

The offering is part of the bank's $50.0 million rotating program for the issuance of negotiable commercial securities.