Contact us (+ 7 (921) 446-25-10)
×
Texting is available for authorized users.
Please register or log in at the website.
×
Your request for online training is sent. Cbonds managers will be in touch with you shortly. Thank you!

Panama: bonds

Internal Debt
At December 31, 2012, Panama’s public sector internal debt represented approximately 24.4% of the total public sector debt. A substantial portion of total public sector internal debt is extended by public sector sources, such as CSS and official banking institutions, and BNP in particular. As of December 31, 2012, Panama’s public sector internal debt totaled approximately $3,482.8 million, an increase of $1,579.0 million from December 31, 2011. This increase was due to the issuance of $1,364.0 of a new domestic bond maturing in 2022, as part of the Market Makers Program. Panama’s public sector internal debt as a percentage of GDP was 9.6% as of December 31, 2012.
External Debt
As of December 31, 2012, total public sector external debt was approximately $10.8 billion, down from $10.9 billion as of December 31, 2011. Panama’s public sector external debt as a percentage of GDP was 29.7% as of December 31, 2012, as compared to 34.8% as of December 31, 2011. As of March 31, 2013, total public sector external debt was approximately $11.0 billion, up from $10.8 billion as of December 31, 2012. Panama’s public sector external debt as a percentage of GDP was 30.4% as of March 31, 2013, as compared to 29.7% as of December 31, 2012.

Outstanding bond issues

Moneda Outstanding bond issues Cumulative volume
Soberano
USD 22 18 076 817 000
JPY 1 41 500 000 000
Corporativo
USD 618 14 270 410 000
CHF 4 365 000 000
MXN 1 500 000 000
JPY 1 8 000 000 000
EUR 1 1 000 000

Sovereign rating

Rating AgencyRatingRating scaleDate
Dagong Global *** International scale rating (foreign curr.) ***
Dagong Global *** International scale rating (local curr.) ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
National Rating Agency *** Global scale ***
Registration required. Please log in or fill in the registration form.

Latest bond issues

issue ISIN coupon volume end of placement maturity date
Hipotecaria Metrocredit, 8% 21feb2022, USD (K) - Bonos locales PAL157732LK5 8% 1 000 000  USD 21/02/18 21/02/22
Panacredit, 7.75% 15feb2023, USD (W) - Bonos locales PAL3291817W6 7.75% 1 000 000  USD 15/02/18 15/02/23
Panacredit, 6.75% 15feb2021, USD (U) - Bonos locales PAL3291817U0 6.75% 500 000  USD 15/02/18 15/02/21
CIFI, 5% 9feb2021, USD (A) - Bonos locales PAL3009912A4 5% 10 000 000  USD 09/02/18 09/02/21
CIFI, 5.5% 9feb2023, USD (B) - Bonos locales PAL3009912B2 5.5% 5 000 000  USD 09/02/18 09/02/23
Banco La Hipotecaria, 4.5% 7feb2021, USD (R) - Bonos locales PAL341781KR6 4.5% 2 000 000  USD 07/02/18 07/02/21
Banco Aliado, 3% 6aug2018, USD (M) - Bonos locales PAL3186218M6 3% 1 405 000  USD 06/02/18 06/08/18
Panacredit, 6.75% 30jan2021, USD (U) - Bonos locales PAL3291815U4 6.75% 1 000 000  USD 30/01/18 30/01/21
Banco Aliado, 3% 29jul2018, USD (K) - Bonos locales PAL3186218K0 3% 1 000 000  USD 29/01/18 29/07/18
Banco Aliado, 3.75% 29jan2019, USD (L) - Bonos locales PAL3186218L8 3.75% 1 500 000  USD 29/01/18 29/01/19

World Bond market statistics

Quarterly indices

Type I 2017 IV 2016 III 2016 II 2016 I 2016 IV 2015 III 2015
BIS volume of international-bond market of emerging countries
Panamanian international bonds, USD bln 20.300 20.100 19.800 19.800 19.200 18.500 18.100
BIS net issues of international-bond market of emerging countries
International-bond net issue of Panama, USD bln 0.200 0.400 0.000 0.600 0.700 0.400 0.100

New issues of Emerging markets International Bonds

Monthly indices

Type Jan 2018 Dec 2017 Nov 2017 Oct 2017 Sep 2017 Aug 2017 Jul 2017
Emerging Markets International Bonds (Latin America)
New issues of Panama\'s international bonds, USD bln 0.000 0.000 0.300 0.000 0.500 0.000 0.716
Number of Panama\'s new international bond issues 0 0 1 0 1 0 4
show other indices

Emerging Markets International Bonds

Monthly indices

Type Jan 2018 Dec 2017 Nov 2017 Oct 2017 Sep 2017 Aug 2017 Jul 2017
Latin American Markets International Bonds
Panama\'s international bonds, USD bln 19.853 19.795 20.137 19.827 20.143 20.307 20.302
Panama\'s corporate international bonds, USD bln 6.100 6.053 6.050 5.744 6.055 6.211 6.207
Panama\'s sovereign international bonds, USD bln 13.753 13.742 14.088 14.084 14.087 14.096 14.095
show other indices

Currencies

Daily indices

Type: 21/02/18 20/02/18 19/02/18 16/02/18 15/02/18 14/02/18 13/02/18
Exchange Rates (Emerging Markets)
USD/PAB 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000
show other indices

Credit Risk Indicators

Daily indices

Type: 20/02/18 19/02/18 16/02/18 15/02/18 14/02/18 13/02/18 12/02/18
Default Probability
6M Default Probability Panama 0.0300 0.0300 0.0300 0.0300 0.0400 0.0400 0.0400
1Y Default Probability Panama 0.1100 0.1100 0.1100 0.1100 0.1200 0.1200 0.1200
2Y Default Probability Panama 0.4000 0.3800 0.3800 0.4000 0.4200 0.4300 0.4200
3Y Default Probability Panama 0.9800 0.9500 0.9500 1.0000 1.0500 1.0800 1.0400
4Y Default Probability Panama 2.2400 2.1700 2.1900 2.2900 2.4200 2.4700 2.4000
5Y Default Probability Panama 4.1900 4.0600 4.1100 4.3000 4.5300 4.6300 4.5000
7Y Default Probability Panama 8.9900 8.7500 8.8400 9.1800 9.6200 9.7900 9.5500
10Y Default Probability Panama 16.2900 15.9300 16.0200 16.5200 17.1700 17.4200 17.0700
15Y Default Probability Panama 28.8600 28.4000 28.4900 29.1300 29.9800 30.2600 29.8200
20Y Default Probability Panama 39.8900 39.3800 39.3800 40.0800 41.0100 41.3100 40.8200
30Y Default Probability Panama 57.7800 57.2600 57.1900 57.8800 58.8400 59.0800 58.5900
CDS Interactive Data 
CDS 6M Panama * * * * * * *
CDS 1Y Panama * * * * * * *
CDS 2Y Panama * * * * * * *
CDS 3Y Panama * * * * * * *
CDS 4Y Panama * * * * * * *
CDS 5Y Panama * * * * * * *
CDS 7Y Panama * * * * * * *
CDS 10Y Panama * * * * * * *
CDS 15Y Panama * * * * * * *
CDS 20Y Panama * * * * * * *
CDS 30Y Panama * * * * * * *
show other indices

Subscription "Cbonds-Premium", "Cbonds-Premium Personal", "Cbonds-Trial", "Cbonds Premium Partner" required. Subscribe/Get trial access

Macroeconomic Indicators (World economy)

Monthly indices

Type Jan 2018 Dec 2017 Nov 2017 Oct 2017 Sep 2017 Aug 2017 Jul 2017
Inflation Rate (World), % to the same period of the previous year
Inflation Rate (Panama) 0.40 0.50 0.40 0.50 0.80 0.70 0.40
show other indices

Yearly indices

Type 2016 2015 2014
Government Debt to GDP (World), %
Government Debt to GDP(Panama) 39.20 39.10 37.10

JP Morgan

Daily indices

Type: 30/10/13 29/10/13 28/10/13 25/10/13 24/10/13 23/10/13 22/10/13
EMBI Global (publication was suspended since 30.10.2013) 
EMBI Global Panama * * * * * * *
show other indices

Subscription "Cbonds-Premium", "Cbonds-Premium Personal", "Cbonds-Trial", "Cbonds Premium Partner" required. Subscribe/Get trial access

Cotizaciones

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Panama, 1.810% 25jan2021, JPY   JPY 25/01/21 18/05/16 ***.*** *.** 18/05/16 ***.**** *.**
Panama, 10.750% 15may2020, USD   USD 15/05/20 18/05/16 * 18/05/16 *** *.**
Panama, 3.75% 16mar2025, USD   USD 16/03/25 18/05/16 ***.* *.** 18/05/16 ***.* *.**
Panama, 3.875% 17mar2028, USD   USD 17/03/28 18/05/16 ***.** *.** 18/05/16 ***.* *.**
Panama, 4% 22sep2024, USD   USD 22/09/24 18/05/16 ***.* *.** 18/05/16 ***.** *.**
Panama, 4.3% 29apr2053, USD   USD 29/04/53 18/05/16 **.* *.** 18/05/16 **.** *.**
Panama, 5.20% 30jan2020, USD   USD 30/01/20 18/05/16 ***.** *.** 18/05/16 ***.* *.**
Panama, 6.70% 26jan2036, USD   USD 26/01/36 18/05/16 ***.* *.** 18/05/16 ***.* *.**
Panama, 7.125% 29jan2026, USD   USD 29/01/26 18/05/16 ***.* *.** 18/05/16 ***.*** *.**
Panama, 8.125% 28apr2034, USD   USD 28/04/34 18/05/16 ***.** *.** 18/05/16 ***.* *.**
Panama, 8.875% 30sep2027, USD   USD 30/09/27 18/05/16 ***.* *.** 18/05/16 ***.* *.**
Panama, 9.375% 16jan2023, USD   USD 16/01/23 18/05/16 ***.* *.** 18/05/16 ***.* *.**
Panama, 9.375% 1apr2029, USD   USD 01/04/29 18/05/16 ***.* *.** 18/05/16 ***.* *.**
Aes Panama, 6% 25jun2022, USD   USD 25/06/22 18/05/16 ***.*** *.** 18/05/16 ***.*** *.**
Aes Panama, 6.35% 21dec2016, USD   USD 21/12/16 18/05/16 ***.*** *.** 18/05/16 ***.*** *.**
Banco General, 1.625% 18jun2018, CHF   CHF 18/06/18 18/05/16 **.** *.** 18/05/16 **.** *.**
Banco Latinoamericano de Comercio Exterior, 3.25% 7may2020, USD   USD 07/05/20 18/05/16 ***.** *.** 18/05/16 ***.** *.**
Banco Latinoamericano de Comercio Exterior, 3.750% 4apr2017, USD   USD 04/04/17 18/05/16 *** *.** 18/05/16 *** *.**
Canal de Panama, 4.95% 29jul2035, USD   USD 29/07/35 18/05/16 *** *.** 18/05/16 ***.** *.**
Empresa Nacional de Autopistas, 4.950% 25apr2023, USD (ABS)   USD 25/04/23 18/05/16 ***.*** *.** 18/05/16 ***.*** *.**
Global Bank Corp, 3% 26nov2018, CHF   CHF 26/11/18 18/05/16 **.** *.** 18/05/16 ***.** *.**
Global Bank Corp, 4.750% 5oct2017, USD   USD 05/10/17 18/05/16 ***.*** *.* 18/05/16 ***.*** *.**
Global Bank Corp, 5.125% 30oct2019, USD   USD 30/10/19 18/05/16 ***.** *.** 18/05/16 ***.** *.**
Minera Panama, 8.750% 1jun2020, USD   USD 01/06/20 18/05/16 **.*** **.* 18/05/16 **.*** *.**
Tocumen International Airport, 5.75% 9oct2023, USD   USD 09/10/23 18/05/16 ***.*** *.** 18/05/16 ***.*** *.**
* Registration required. Please log in or fill in the registration form.
minimizeexpand
150 000
issues: local and international bonds
170
countries
+7 812 336 97 21
pro@cbonds.info
150 000
issues: local and international bonds
170
countries
Сbonds is a global Fixed income data platform
+7 812 336 97 21
pro@cbonds.info
Data
  • Descriptive data on bonds
  • Bond Quotes from trading systems and market participants
  • Prospectuses and other issue documents
  • Credit ratings
  • Indices and indicators
  • Market news and analytical research
Analytical instruments
  • Multi-parameter bond database search
  • Mapas de bonos
  • Market calendar
  • Bond calculator
  • Watchlist and Portfolio management
  • Chart analysis
  • Mobile App and Excel Add-in Tool
Enter or RegisterSubscription/Trial access
×