Economy / Panama
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Debt Buyback Reflects Solid Performance
June 2008 | Economic AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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BMI View: The government's decision to launch a US$500mn exchange offer on its external liabilities is a sign of sensible debt management, in our view. Furthermore, the reopening of longer-dated bonds due in 2029 speaks volumes about the growing investor confidence in the economy on the back of a strong growth and fiscal performance.