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Banco La Hipotecaria to offer $3M in bonds

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Banco La Hipotecaria to offer $3M in bonds

Panama's Banco La Hipotecaria SA on April 5 will offer bonds worth about $3.0 million, according to a securities filing.

The two-year series AY notes carry an annual interest rate of 4.25%. They will be issued April 5.

The bank will use the proceeds from the offering to grow its mortgage credit portfolio.