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Panama seeks to reduce the risk of refinancing with the repurchase of debt

The Republic of Panama is offering to repurchase US$837 million of bonds due 2024 in a bid to increase the duration of its international debt as volatility in financial markets increases.

The Central American nation is offering to buy its 4% bonds at a spread of 26 basis points over the US Treasury due on October 31, 2024, according to a statement on Monday.

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