Banco Panameño de la Vivienda SA said that it plans to auction bonds worth $2.0 million on Dec. 27.

Banvivienda, as the company is known, will auction the series BF bonds with a fixed interest rate of 3.375% and a term of 180 days. The securities will be issued Dec. 29.

Proceeds from the offering will be used to provide liquidity and to diversify its funding sources.