Panama’s Banco La Hipotecaria eyes $30 million five-year covered bonds

By Wendy Van Sickle

Columbus, Ohio, Oct. 26 – Banco La Hipotecaria, SA is planning to sell $30 million of covered bonds due 2023 via private placement, according to a news release.

Brean Capital is the bookrunning manager for the Rule 144A/Regulation S offering, which is subject to market conditions.

The covered bonds are part of a $200 million program from which Banco La Hipotecaria may issue covered bonds from time to time.

Proceeds will be used for general corporate purposes.

The lender is based in Panama City.

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