Panama government bonds are in high demand with offers received for 3 times more than are being issued.

The government issued $1.2 billion worth of debt securities in the international market, maturing in 2050 and with a coupon of 4.5%.

From a statement issued by the Ministry of Economy and Finance:  

April 9, 2018. The Republic of Panama entered the international markets today through the issuance of a new Global Bond with maturity in 2050 for an amount of $1.2 billion and a coupon of 4.50%.

The transaction closed with a margin (spread) over the US Treasury (30 years) of 150 basis points. 

This issue attracted the interest of investors from regions such as North America, Europe, Asia, Australia, the Middle East and Latin America, receiving offers of up to 4.5 billion dollars, three times more than the indicated amount.

Read full release (in Spanish).