Panama-based Capital Bank Inc. on Dec. 13 will offer $5.0 million in negotiable commercial securities, or VCNs.
The series M notes have a term of 360 days and yield at an interest rate of 4.00%. They will be issued Dec. 15.
Proceeds from the offering will be used for the bank's working capital.
The offering is part of the bank's $50 million, rotating VCN program.