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Corporacion de Finanzas del Pais plans 2 bond offerings

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Corporacion de Finanzas del Pais plans 2 bond offerings

Corporacion de Finanzas del Pais SA plans to offer two series of revolving negotiable commercial securities totaling about $1.3 million.

The Panamanian company April 2 will offer $1.0 million in series X notes carrying an interest rate of 7.75% and maturing in five years. They will be issued April 4.

It also plans to offer $275,000 in series AG notes April 3. The securities yield at a 5.50% interest rate and have a one-year term. They will be issued April 5.

Proceeds from the offering will be used for the company's working capital.