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Panama's Banistmo to offer 5-year corporate bonds worth $50M

Panama's Banistmo SA on Feb. 23 will auction corporate bonds worth up to $50.0 million, according to a securities filing.

The 5-year series A securities carry an annual interest rate of 3.75% and will be issued Feb. 27.

Banistmo said it intends to use proceeds from the offering for the growth of its loan portfolio.