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Panama's Banistmo to tap credit cards again in $270m deal

Citigroup Global Markets is preparing to swipe through a sixth credit card-backed transaction for Panamanian originator Banco del Istmo (Banistmo). Sized at $270 million, the seven-year final transaction is expected to have closed Nov. 19, according to a well-placed source. Rated BBB' from Fitch Ratings, the deal has a...

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