The Ministry of Economy and Finance (MEF) awarded a total of US$310.45 million, in the first Treasury Bills Auction of 2025, obtaining a demand that tripled the indicative amount and consolidating confidence in the country’s financial instruments.

The US$310.45 million was broken down into US$300.46 million in competitive offers and US$9.99 million in non-competitive offers, the weighted average price of the operation was 94.53%, while the weighted average performance reached 5.72%.

The auction was held under the Market Creators program and was placed through the Latin American Stock Exchange (LATINEX), it was announced with a non-binding indicative amount of US$100 million and a maturity scheduled for February 2026.

Market interest was remarkable, with 96 offers received, of which 88 were competitive for a total of US$346.56 million, and 8 non-competitive for US$9.99 million, in total, the accumulated demand reached US$356.55 million, reflecting the high level of investor interest.

In addition to the strong market interest, the auction reduced all benchmark margins compared to the last auction held in November 2024, consolidating the stability and competitiveness of the Panamanian financial sector.

With this operation, the MEF advances in its strategy of diversification of the sources of State financing, while strengthening the local market and aligning itself with international markets.