Citibank has set up a a custody platform in Panama to
facilitate foreign investment in locally issued securities. The
deal is a milestone in the development of debt markets in one
of Latin America’s strongest emerging economies.
The platform, established last month, makes it
easier for foreigners to buy securities on the local market. It
creates an alternative to buying global bonds registered in
investors’ respective jurisdictions.
"Citi being able to take custody of local debt and
securities will enable foreign...