{"id":"e1663163-36b9-408a-a311-f5fd938322c3","issuer_name":"PANAMA REPUBLIC OF","jurisdiction_code":"PAN","country_name":"Panama","region_id":"LCN","region_name":"Latin America & Caribbean","isin":"US698299CC62","instrument_name":"5.662% Global Bonds due 2038 (the “2038 Global Bonds”)","issue_date":"2026-02-23","maturity_date":"2038-02-23","tenor_years":"12.00","principal_amount":"1490000000.00","currency":"USD","coupon_rate":"5.662000","yield_at_issue":"5.662000","governing_law":"New York","lead_managers":null,"esg_linked":null,"provenance_class":"source_derived","validation_status":"valid","validation_issues":[],"is_eligible":true,"field_provenance":[{"field_name":"coupon_rate","owner":"deal_comp","provenance_class":"source_derived","value_text":"5.662% (30/360 day count basis)","value_normalized":"5.662","passage":{"exact_text":"Coupon: 5.662% (30/360 day count basis)","section_reference":"table 1 row 8","page_reference":null,"char_start":3760,"char_end":3969},"document":{"source_id":"sec_edgar","source_name":"U.S. Securities and Exchange Commission -- EDGAR","source_verified":true,"canonical_url":"https://www.sec.gov/Archives/edgar/data/76027/000119312526055638/d814326dfwp.htm","filing_accession":"0001193125-26-055638","sha256":"87415ef4cc7f3a670a4473e6c70a8031732acb9f7f4ed37ca4e7823aacf9e694","mime_type":"text/html","retrieved_at":"2026-09-24T10:55:26.001771Z","published_at":"2026-02-18"},"extraction_run":{"extractor_name":"sec_term_sheet","parser_version":"1.3.0","config_sha256":"36e7195954c72f58fdd039c4af23ed2fd46614252f17423808d6a7d23f89b423","model_id":null,"prompt_version":null,"operator":null,"started_at":"2026-09-24T13:56:29.724648Z"},"verified_by":null,"verified_at":null,"verification_method":null},{"field_name":"currency","owner":"deal_comp","provenance_class":"source_derived","value_text":"U.S.$","value_normalized":"USD","passage":{"exact_text":"Amount Issued: U.S.$1,490,000,000 aggregate principal amount","section_reference":"table 1 row 7","page_reference":null,"char_start":3529,"char_end":3759},"document":{"source_id":"sec_edgar","source_name":"U.S. Securities and Exchange Commission -- EDGAR","source_verified":true,"canonical_url":"https://www.sec.gov/Archives/edgar/data/76027/000119312526055638/d814326dfwp.htm","filing_accession":"0001193125-26-055638","sha256":"87415ef4cc7f3a670a4473e6c70a8031732acb9f7f4ed37ca4e7823aacf9e694","mime_type":"text/html","retrieved_at":"2026-09-24T10:55:26.001771Z","published_at":"2026-02-18"},"extraction_run":{"extractor_name":"sec_term_sheet","parser_version":"1.3.0","config_sha256":"36e7195954c72f58fdd039c4af23ed2fd46614252f17423808d6a7d23f89b423","model_id":null,"prompt_version":null,"operator":null,"started_at":"2026-09-24T13:56:29.724648Z"},"verified_by":null,"verified_at":null,"verification_method":null},{"field_name":"governing_law","owner":"deal_comp","provenance_class":"source_derived","value_text":"State of New York","value_normalized":"New York","passage":{"exact_text":"Governing Law: State of New York","section_reference":"table 2 row 3","page_reference":null,"char_start":10748,"char_end":10950},"document":{"source_id":"sec_edgar","source_name":"U.S. Securities and Exchange Commission -- EDGAR","source_verified":true,"canonical_url":"https://www.sec.gov/Archives/edgar/data/76027/000119312526055638/d814326dfwp.htm","filing_accession":"0001193125-26-055638","sha256":"87415ef4cc7f3a670a4473e6c70a8031732acb9f7f4ed37ca4e7823aacf9e694","mime_type":"text/html","retrieved_at":"2026-09-24T10:55:26.001771Z","published_at":"2026-02-18"},"extraction_run":{"extractor_name":"sec_term_sheet","parser_version":"1.3.0","config_sha256":"36e7195954c72f58fdd039c4af23ed2fd46614252f17423808d6a7d23f89b423","model_id":null,"prompt_version":null,"operator":null,"started_at":"2026-09-24T13:56:29.724648Z"},"verified_by":null,"verified_at":null,"verification_method":null},{"field_name":"issue_date","owner":"deal_comp","provenance_class":"source_derived","value_text":"February 23, 2026 (T+4)","value_normalized":"2026-02-23","passage":{"exact_text":"Settlement Date: February 23, 2026 (T+4)","section_reference":"table 2 row 7","page_reference":null,"char_start":11662,"char_end":11877},"document":{"source_id":"sec_edgar","source_name":"U.S. Securities and Exchange Commission -- EDGAR","source_verified":true,"canonical_url":"https://www.sec.gov/Archives/edgar/data/76027/000119312526055638/d814326dfwp.htm","filing_accession":"0001193125-26-055638","sha256":"87415ef4cc7f3a670a4473e6c70a8031732acb9f7f4ed37ca4e7823aacf9e694","mime_type":"text/html","retrieved_at":"2026-09-24T10:55:26.001771Z","published_at":"2026-02-18"},"extraction_run":{"extractor_name":"sec_term_sheet","parser_version":"1.3.0","config_sha256":"36e7195954c72f58fdd039c4af23ed2fd46614252f17423808d6a7d23f89b423","model_id":null,"prompt_version":null,"operator":null,"started_at":"2026-09-24T13:56:29.724648Z"},"verified_by":null,"verified_at":null,"verification_method":null},{"field_name":"maturity_date","owner":"deal_comp","provenance_class":"source_derived","value_text":"February 23, 2038. The Republic will repay the principal of the 2038 Global Bonds in two equal annual installments on February 23 of each year, commencing on February 23, 2037.","value_normalized":"2038-02-23","passage":{"exact_text":"Maturity: February 23, 2038. The Republic will repay the principal of the 2038 Global Bonds in two equal annual installments on February 23 of each year, commencing on February 23, 2037.","section_reference":"table 1 row 9","page_reference":null,"char_start":3970,"char_end":4530},"document":{"source_id":"sec_edgar","source_name":"U.S. Securities and Exchange Commission -- EDGAR","source_verified":true,"canonical_url":"https://www.sec.gov/Archives/edgar/data/76027/000119312526055638/d814326dfwp.htm","filing_accession":"0001193125-26-055638","sha256":"87415ef4cc7f3a670a4473e6c70a8031732acb9f7f4ed37ca4e7823aacf9e694","mime_type":"text/html","retrieved_at":"2026-09-24T10:55:26.001771Z","published_at":"2026-02-18"},"extraction_run":{"extractor_name":"sec_term_sheet","parser_version":"1.3.0","config_sha256":"36e7195954c72f58fdd039c4af23ed2fd46614252f17423808d6a7d23f89b423","model_id":null,"prompt_version":null,"operator":null,"started_at":"2026-09-24T13:56:29.724648Z"},"verified_by":null,"verified_at":null,"verification_method":null},{"field_name":"principal_amount","owner":"deal_comp","provenance_class":"source_derived","value_text":"U.S.$1,490,000,000 aggregate principal amount","value_normalized":"1490000000","passage":{"exact_text":"Amount Issued: U.S.$1,490,000,000 aggregate principal amount","section_reference":"table 1 row 7","page_reference":null,"char_start":3529,"char_end":3759},"document":{"source_id":"sec_edgar","source_name":"U.S. Securities and Exchange Commission -- EDGAR","source_verified":true,"canonical_url":"https://www.sec.gov/Archives/edgar/data/76027/000119312526055638/d814326dfwp.htm","filing_accession":"0001193125-26-055638","sha256":"87415ef4cc7f3a670a4473e6c70a8031732acb9f7f4ed37ca4e7823aacf9e694","mime_type":"text/html","retrieved_at":"2026-09-24T10:55:26.001771Z","published_at":"2026-02-18"},"extraction_run":{"extractor_name":"sec_term_sheet","parser_version":"1.3.0","config_sha256":"36e7195954c72f58fdd039c4af23ed2fd46614252f17423808d6a7d23f89b423","model_id":null,"prompt_version":null,"operator":null,"started_at":"2026-09-24T13:56:29.724648Z"},"verified_by":null,"verified_at":null,"verification_method":null},{"field_name":"yield_at_issue","owner":"deal_comp","provenance_class":"source_derived","value_text":"5.662%","value_normalized":"5.662","passage":{"exact_text":"Yield to Maturity: 5.662%","section_reference":"table 1 row 12","page_reference":null,"char_start":5367,"char_end":5562},"document":{"source_id":"sec_edgar","source_name":"U.S. Securities and Exchange Commission -- EDGAR","source_verified":true,"canonical_url":"https://www.sec.gov/Archives/edgar/data/76027/000119312526055638/d814326dfwp.htm","filing_accession":"0001193125-26-055638","sha256":"87415ef4cc7f3a670a4473e6c70a8031732acb9f7f4ed37ca4e7823aacf9e694","mime_type":"text/html","retrieved_at":"2026-09-24T10:55:26.001771Z","published_at":"2026-02-18"},"extraction_run":{"extractor_name":"sec_term_sheet","parser_version":"1.3.0","config_sha256":"36e7195954c72f58fdd039c4af23ed2fd46614252f17423808d6a7d23f89b423","model_id":null,"prompt_version":null,"operator":null,"started_at":"2026-09-24T13:56:29.724648Z"},"verified_by":null,"verified_at":null,"verification_method":null},{"field_name":"coupon_rate","owner":"security","provenance_class":"source_derived","value_text":"5.662% (30/360 day count basis)","value_normalized":"5.662","passage":{"exact_text":"Coupon: 5.662% (30/360 day count basis)","section_reference":"table 1 row 8","page_reference":null,"char_start":3760,"char_end":3969},"document":{"source_id":"sec_edgar","source_name":"U.S. Securities and Exchange Commission -- EDGAR","source_verified":true,"canonical_url":"https://www.sec.gov/Archives/edgar/data/76027/000119312526055638/d814326dfwp.htm","filing_accession":"0001193125-26-055638","sha256":"87415ef4cc7f3a670a4473e6c70a8031732acb9f7f4ed37ca4e7823aacf9e694","mime_type":"text/html","retrieved_at":"2026-09-24T10:55:26.001771Z","published_at":"2026-02-18"},"extraction_run":{"extractor_name":"sec_term_sheet","parser_version":"1.3.0","config_sha256":"36e7195954c72f58fdd039c4af23ed2fd46614252f17423808d6a7d23f89b423","model_id":null,"prompt_version":null,"operator":null,"started_at":"2026-09-24T13:56:29.724648Z"},"verified_by":null,"verified_at":null,"verification_method":null},{"field_name":"currency","owner":"security","provenance_class":"source_derived","value_text":"U.S.$","value_normalized":"USD","passage":{"exact_text":"Amount Issued: U.S.$1,490,000,000 aggregate principal amount","section_reference":"table 1 row 7","page_reference":null,"char_start":3529,"char_end":3759},"document":{"source_id":"sec_edgar","source_name":"U.S. Securities and Exchange Commission -- EDGAR","source_verified":true,"canonical_url":"https://www.sec.gov/Archives/edgar/data/76027/000119312526055638/d814326dfwp.htm","filing_accession":"0001193125-26-055638","sha256":"87415ef4cc7f3a670a4473e6c70a8031732acb9f7f4ed37ca4e7823aacf9e694","mime_type":"text/html","retrieved_at":"2026-09-24T10:55:26.001771Z","published_at":"2026-02-18"},"extraction_run":{"extractor_name":"sec_term_sheet","parser_version":"1.3.0","config_sha256":"36e7195954c72f58fdd039c4af23ed2fd46614252f17423808d6a7d23f89b423","model_id":null,"prompt_version":null,"operator":null,"started_at":"2026-09-24T13:56:29.724648Z"},"verified_by":null,"verified_at":null,"verification_method":null},{"field_name":"instrument_name","owner":"security","provenance_class":"source_derived","value_text":"5.662% Global Bonds due 2038 (the “2038 Global Bonds”)","value_normalized":null,"passage":{"exact_text":"Transaction: 5.662% Global Bonds due 2038 (the “2038 Global Bonds”)","section_reference":"table 1 row 2","page_reference":null,"char_start":1908,"char_end":2157},"document":{"source_id":"sec_edgar","source_name":"U.S. Securities and Exchange Commission -- EDGAR","source_verified":true,"canonical_url":"https://www.sec.gov/Archives/edgar/data/76027/000119312526055638/d814326dfwp.htm","filing_accession":"0001193125-26-055638","sha256":"87415ef4cc7f3a670a4473e6c70a8031732acb9f7f4ed37ca4e7823aacf9e694","mime_type":"text/html","retrieved_at":"2026-09-24T10:55:26.001771Z","published_at":"2026-02-18"},"extraction_run":{"extractor_name":"sec_term_sheet","parser_version":"1.3.0","config_sha256":"36e7195954c72f58fdd039c4af23ed2fd46614252f17423808d6a7d23f89b423","model_id":null,"prompt_version":null,"operator":null,"started_at":"2026-09-24T13:56:29.724648Z"},"verified_by":null,"verified_at":null,"verification_method":null},{"field_name":"isin","owner":"security","provenance_class":"source_derived","value_text":"698299CC6 / US698299CC62","value_normalized":"US698299CC62","passage":{"exact_text":"CUSIP/ISIN: 698299CC6 / US698299CC62","section_reference":"table 2 row 8","page_reference":null,"char_start":11878,"char_end":12084},"document":{"source_id":"sec_edgar","source_name":"U.S. Securities and Exchange Commission -- EDGAR","source_verified":true,"canonical_url":"https://www.sec.gov/Archives/edgar/data/76027/000119312526055638/d814326dfwp.htm","filing_accession":"0001193125-26-055638","sha256":"87415ef4cc7f3a670a4473e6c70a8031732acb9f7f4ed37ca4e7823aacf9e694","mime_type":"text/html","retrieved_at":"2026-09-24T10:55:26.001771Z","published_at":"2026-02-18"},"extraction_run":{"extractor_name":"sec_term_sheet","parser_version":"1.3.0","config_sha256":"36e7195954c72f58fdd039c4af23ed2fd46614252f17423808d6a7d23f89b423","model_id":null,"prompt_version":null,"operator":null,"started_at":"2026-09-24T13:56:29.724648Z"},"verified_by":null,"verified_at":null,"verification_method":null},{"field_name":"maturity_date","owner":"security","provenance_class":"source_derived","value_text":"February 23, 2038. The Republic will repay the principal of the 2038 Global Bonds in two equal annual installments on February 23 of each year, commencing on February 23, 2037.","value_normalized":"2038-02-23","passage":{"exact_text":"Maturity: February 23, 2038. The Republic will repay the principal of the 2038 Global Bonds in two equal annual installments on February 23 of each year, commencing on February 23, 2037.","section_reference":"table 1 row 9","page_reference":null,"char_start":3970,"char_end":4530},"document":{"source_id":"sec_edgar","source_name":"U.S. Securities and Exchange Commission -- EDGAR","source_verified":true,"canonical_url":"https://www.sec.gov/Archives/edgar/data/76027/000119312526055638/d814326dfwp.htm","filing_accession":"0001193125-26-055638","sha256":"87415ef4cc7f3a670a4473e6c70a8031732acb9f7f4ed37ca4e7823aacf9e694","mime_type":"text/html","retrieved_at":"2026-09-24T10:55:26.001771Z","published_at":"2026-02-18"},"extraction_run":{"extractor_name":"sec_term_sheet","parser_version":"1.3.0","config_sha256":"36e7195954c72f58fdd039c4af23ed2fd46614252f17423808d6a7d23f89b423","model_id":null,"prompt_version":null,"operator":null,"started_at":"2026-09-24T13:56:29.724648Z"},"verified_by":null,"verified_at":null,"verification_method":null}],"required_fields_without_provenance":[],"issuer_identifiers":[{"scheme":"sec_cik","value":"0000076027","provenance_class":"manually_entered","entered_by":"Author - checked 2026-09-24, pending review"}],"region_source":{"source_id":"world_bank_api","source_name":"World Bank -- Indicators API, country metadata","source_verified":true,"canonical_url":"https://api.worldbank.org/v2/country?format=json&per_page=1000","filing_accession":"snapshot-2026-09-24","sha256":"4b2b4111572ec0e4c78ce3f7edd8aad47a6790c462279e66bd514cfd8824077d","mime_type":"application/json","retrieved_at":"2026-09-24T10:45:05.904185Z","published_at":null},"created_by_run":{"id":"6d60d904-eed4-41c4-8e5a-9cee07ca9c0d","started_at":"2026-09-24T13:46:13.983475Z","finished_at":"2026-09-24T13:46:31.274427Z","status":"succeeded"},"calculated_fields":{"tenor_years":"(maturity_date - issue_date) in days / 365.25, rounded half-even to 2 decimals"}}