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Banesco to offer 5-year bonds worth up to US$3M

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Banesco to offer 5-year bonds worth up to US$3M

Banesco SA on June 14 will offer five-year bonds worth up to US$3.0 million on the Panama stock exchange, according to a securities filing.

The series C bonds, to be issued June 16, will carry an interest rate of 5.25%, payable quarterly.

The bonds are part of the bank's corporate bonds program for up to US$50 million.