Panama’s Global Bank selects banks, sets roadshow for medium-term notes deal

By Rebecca Melvin

New York, April 5 – Panama’s Global Bank Corp. has mandated banks and is holding fixed-income investor meetings regarding its planned medium-term notes (expected rating: //BBB-) expected to price next week, according to market sources.

Citigroup and JPMorgan are joint bookrunners of the notes with Bladex acting as co-manager of the Rule 144A and Regulation S offering.

Meetings ahead of tentative pricing of the notes on April 11 are being held in New York, London and Boston.

The planned issue was announced in conjunction with the launch of a tender offer for the company’s $550 million of 5 1/8% notes due 2019.

The issuer is a bank based in Panama City.

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