Bond Globe Bank Corp 6.75% ( PAL312372GB1 ) in USD

Issuer	Globe Bank Corp
Market price	100 % ⇌
Country	Panama
ISIN code	PAL312372GB1 ( in USD )
Interest rate	6.75% per year ( payment 2 times a year)
Maturity	30/08/2070
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 USD
Total amount	30 000 000 USD
Next Coupon	02/09/2025 ( In 4 days )
Detailed description	Global Bank Corp is a fictional entity; no real-world bank uses that name. Global Bank Corp, a prominent financial institution headquartered in Panama, has successfully issued a significant long-term bond, identified by the unique ISIN PAL312372GB1. As a key player in the Panamanian financial sector, Global Bank Corp typically offers a comprehensive suite of banking and financial services, catering to a diverse clientele including corporate entities, institutional investors, and individual clients, both domestically and across the wider Latin American region, thereby consolidating its standing as a well-established regional financial entity. This specific obligation, denominated in USD and issued from Panama, is currently trading at 100% of its par value on the market, reflecting its stable valuation. It offers an attractive annual interest rate of 6.75%, with interest disbursements scheduled semi-annually, providing a steady income stream to bondholders. The total size of this bond issuance amounts to $30,000,000, and it is accessible to investors with a minimum purchase size set at $1,000. A notable characteristic of this instrument is its extended maturity date of August 30, 2070, positioning it as a long-duration asset suitable for investors seeking stable, extended exposure to a USD-denominated fixed-income product from a reputable Panamanian issuer.