Alcogal acted as Panamanian counsel to the initial purchasers, Scotiabank Capital, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Banco General, in connection with the first 144A/Reg bond issuance of Empresa de Transmisión Eléctrica, S.A. (ETESA) of USD500 million. The deal closed in May 2019.
Our team in charge of this transaction was led by partner Arturo Gerbaud and associates Rafael Marquínez and Rita de la Guardia.