Bond Globe Bank Corp 6.75% ( PAL312372GD7 ) in USD

Issuer	Globe Bank Corp
Market price	100 % ⇌
Country	Panama
ISIN code	PAL312372GD7 ( in USD )
Interest rate	6.75% per year ( payment 2 times a year)
Maturity	30/08/2070
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Minimal amount	1 000 USD
Total amount	5 000 000 USD
Next Coupon	01/09/2025 ( In 29 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 issued a notable long-term bond, identified by the ISIN PAL312372GD7. This debt instrument, denominated in United States Dollars (USD) and currently observed trading at 100% of its par value on the market, presents an attractive annual interest rate of 6.75%. Interest disbursements are scheduled semi-annually, aligning with a payment frequency of two times per year. The total nominal value of this specific issuance amounts to USD 5,000,000, establishing it as a significant offering in the fixed-income market. Investors interested in this security can acquire units with a minimum nominal purchase size of USD 1,000. Notably, the bond carries a distant maturity date of August 30, 2070, positioning it as a long-duration asset suitable for investors seeking extended exposure. Global Bank Corp's origin in Panama implies its operations are subject to the financial regulatory framework of that country, which is known for its role in international finance, thereby providing context on the issuer's operational and compliance environment within a key Latin American financial hub.