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Panama's Banisi to offer nearly $8M in bonds

Panama's Banisi SA will on Oct. 11 offer two-year bonds worth up to around $8.1 million, according to security filings dated Oct. 11.

The company plans to offer up to $5.5 million of its 4.50% series A notes, as well as $2.58 million of its 5% series B instruments. Both series are set to be issued on Oct. 15.

The company will use the proceeds from the offering to finance the growth of assets and working capital.