* Panama offers U.S. dollar-denominated bonds
* Funds to pay off gov't debt in public, private sector
(Adds quote from Panama economy minister)
NEW YORK, Nov 16 (Reuters) - Panama launched $1 billion worth of 10-year, U.S. dollar-denominated global bonds on Monday, said IFR, a Thomson Reuters service.
The bonds are expected to yield 187.5 basis points over comparable U.S. Treasuries, at the low end of the guidance range, according to IFR. Earlier guidance was set at a range of 187.5 to 200 basis points.
Credit Suisse and Deutsche Bank are the joint book managers on the sale, IFR said.
"It is an important injection of liquidity for the public and private sector in Panama," the country's Economy Minister Alberto Vallarino told a news conference, adding that the money would go to pay debt the government owes the National Bank of Panama and the national Social Security Institute.
Panama, one of Latin America's fastest-growing economies over the past decade, is regarded as a safe haven for bondholders given its strong shipping and finance sectors and its use of the U.S. dollar as the national currency.
((Reporting by Caryn Trokie in New York and Sean Mattson in Panama City, Editing by Gary Crosse))
((caryn.trokie@thomsonreuters.com; +1-646-223-6318; Reuters Messaging: caryn.trokie.reuters.com@reuters.net)) Keywords: PANAMA BONDS/LAUNCH
Source:reuters.com
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