Bookrunner League Table of Local Panamian Bonds, Jan–Sep 2026
- #
- Investment Bank
- Amount, USD mln
- Number of issuers
- Number of issues
- 1
-
- MMG Bank
- 390
- 22
- 145
-
-
-
Amount, USD mln | Share, %390 | 20.29
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 2
-
- Prival Securities
- 388
- 18
- 119
-
-
-
Amount, USD mln | Share, %388 | 20.18
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 3
-
- Banco General
- 219
- 4
- 6
-
-
-
Amount, USD mln | Share, %219 | 11.41
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- 4
-
- Global Bank Corp
- 186
- 4
- 15
-
-
-
Amount, USD mln | Share, %186 | 9.69
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 5
-
- Global Valores
- 122
- 6
- 8
-
-
-
Amount, USD mln | Share, %122 | 6.36
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 6
-
- Mercantil Servicios de Inversion
- 110
- 9
- 164
-
-
-
Amount, USD mln | Share, %110 | 5.71
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 7
-
- Singular Wealth Management
- 68
- 2
- 2
-
-
-
Amount, USD mln | Share, %68 | 3.55
-
Number of issuers | Number of issues
- ***
- ***
- 8
-
- SweetWater Securities
- 62
- 8
- 174
-
-
-
Amount, USD mln | Share, %62 | 3.24
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 9
-
- Geneva Asset Management
- 61
- 3
- 14
-
-
-
Amount, USD mln | Share, %61 | 3.17
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 10
-
- Metro Asset Management
- 55
- 7
- 143
-
-
-
Amount, USD mln | Share, %55 | 2.86
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 11
-
- Valores Banistmo
- 34
- 2
- 4
-
-
-
Amount, USD mln | Share, %34 | 1.76
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- 12
-
- Banco Nacional de Panama
- 32
- 2
- 5
-
-
-
Amount, USD mln | Share, %32 | 1.65
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- 13
-
- Banco Aliado
- 27
- 1
- 3
-
-
-
Amount, USD mln | Share, %27 | 1.40
-
Number of issuers | Number of issues
- ***
- ***
- ***
- 14
-
- Capital Assets Consulting
- 24
- 5
- 53
-
-
-
Amount, USD mln | Share, %24 | 1.24
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 15
-
- Banistmo
- 22
- 2
- 2
-
-
-
Amount, USD mln | Share, %22 | 1.14
-
Number of issuers | Number of issues
- ***
- ***
- 16
-
- Invertis Securities
- 19
- 6
- 25
-
-
-
Amount, USD mln | Share, %19 | 0.98
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 17
-
- Wall Street Securities
- 18
- 7
- 18
-
-
-
Amount, USD mln | Share, %18 | 0.92
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 18
-
- Insignia Financial Advisors
- 17
- 3
- 4
-
-
-
Amount, USD mln | Share, %17 | 0.87
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- 19
-
- BG Valores
- 14
- 2
- 2
-
-
-
Amount, USD mln | Share, %14 | 0.73
-
Number of issuers | Number of issues
- ***
- ***
-
Amount, USD mln | Share, %14 | 0.71
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- 21
-
- Multi Securities
- 12
- 3
- 8
-
-
-
Amount, USD mln | Share, %12 | 0.62
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 22
-
- Eurovalores
- 8
- 2
- 33
-
-
-
Amount, USD mln | Share, %8 | 0.40
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 23
-
- Balboa Securities
- 4
- 1
- 6
-
-
-
Amount, USD mln | Share, %4 | 0.21
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- 24
-
- Credicorp Securities
- 4
- 1
- 1
-
-
-
Amount, USD mln | Share, %4 | 0.18
-
Number of issuers | Number of issues
- ***
- 25-26
-
- Mmg Asset Management
- 3
- 1
- 2
-
-
-
Amount, USD mln | Share, %3 | 0.14
-
Number of issuers | Number of issues
- ***
- ***
- 25-26
-
- Mundial Asset Management
- 3
- 1
- 2
-
-
-
Amount, USD mln | Share, %3 | 0.14
-
Number of issuers | Number of issues
- ***
- ***
- 27
-
- BICSA Capital
- 2
- 3
- 4
-
-
-
Amount, USD mln | Share, %2 | 0.10
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- 28
-
- Mercado de Transacciones
- 1
- 1
- 1
-
-
-
Amount, USD mln | Share, %1 | 0.08
-
Number of issuers | Number of issues
- ***
- 29
-
- Tower Securities
- 1
- 2
- 2
-
-
-
Amount, USD mln | Share, %1 | 0.07
-
Number of issuers | Number of issues
- ***
- ***
- 30
-
- Singular Securities Corp.
- 1
- 2
- 2
-
-
-
Amount, USD mln | Share, %1 | 0.06
-
Number of issuers | Number of issues
- ***
- ***
- 31
-
- Banco La Hipotecaria
- 1
- 1
- 1
-
-
-
Amount, USD mln | Share, %1 | 0.05
-
Number of issuers | Number of issues
- ***
- 32
-
- AV Securities
- 1
- 2
- 2
-
-
-
Amount, USD mln | Share, %1 | 0.04
-
Number of issuers | Number of issues
- ***
- ***
- 33
-
- Canal Securities Corp.
- < 0.5
- 1
- 2
-
-
-
Amount, USD mln | Share, %< 0.5 | 0.02
-
Number of issuers | Number of issues
- ***
- ***
- 34
-
- Atlantida Casa de Valores
- < 0.5
- 2
- 2
-
-
-
Amount, USD mln | Share, %< 0.5 | 0.02
-
Number of issuers | Number of issues
- ***
- ***
- 35
-
- BG Investment Co.
- < 0.5
- 1
- 1
-
-
-
Amount, USD mln | Share, %< 0.5 | 0.01
-
Number of issuers | Number of issues
- ***
- Other investment banks
- 11
- 10
- 19
-
Amount, USD mln | Share, %11 | 1
-
Number of issuers | Number of issues10 | 19
- Total
- 1,922
- 67
- 551
-
Amount, USD mln | Share, %1,922 | 100
-
Number of issuers | Number of issues67 | 551









