Market Analysis

Panama Finalizes €1.2 Billion Loan Deal with Bank of America

Amos Simanungkalit · 07 Mar56.5K Views

Image Credit: Reuters

Panama's government has secured a loan of 1.2 billion euros ($1.29 billion) with a two-year maturity from a subsidiary of Bank of America, according to a statement from the Economy Ministry on Thursday. The ministry stated that the financing, to be disbursed in its dollar equivalent, was approved on Friday.

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