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Panama's MMG Bank to offer fresh debt worth $4M

Panama's MMG Bank Corp. on July 3 will offer about $4.1 million in bonds, according to a securities filing.

The 357-day E series notes, which carry a 3.50% interest rate, will be issued July 5. The securities are a part of a $50.0 million bond program.

MMG Bank will use the proceeds from the offering to finance credit operations.