Panama closes 1.2 billion-euro loan with Bank of America subsidiary

Panama's government has closed a 1.2 billion euros ($1.29 billion) loan with a two-year maturity with a subsidiary of Bank of America, the Economy Ministry said a statement on Thursday.

The ministry indicated that the financing, which will be disbursed in its dollar equivalent, was authorized on Friday.

($1 = 0.9269 euros)