News

Alcogal respresented the Bank of Nova Scotia as lender to their client Worldland Investment, S.A., in connection with the Bank of Nova Scotia (lender) and a loan of USD43 million granted for refinancing their acquired debt for the construction of the commercial establishments and offices from the “Street Mall” project. Our team of lawyers in …

Alcogal respresented the Bank of Nova Scotia as lender for the “Street Mall” project Read More »

The Banking, Finance and Capital Markets team at Alemán, Cordero, Galindo & Lee recently advised Banco General S.A., as arranger and administrative agent, in connection with the structuring and registration of a USD235,000,000.00 corporate bonds issuance by Electron Investment, S.A. (EISA), a Panamanian company, as well as its public offering.  EISA will use the funds …

Alcogal advises Banco General in important corporate bonds issuance by Electron Investment, S.A. Read More »

We acted as Panamanian counsel to Global Bank Corporation in connection with a 144A/Reg bond issuance of USD300 million senior fixed to floating notes due 2029 with a rate of 5.25%, and a tender offer of approximately USD230 million. The deal closed in April 2019. Bookrunners were: Citigroup, JP Morgan. Depository: Euroclear Bank, Clearstream Banking …

Alcogal advised Global Bank Corporation with a bond issuance of USD300 million Read More »

Alcogal acted as Panamanian law 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 …

Alcogal advised the initial purchasers with a USD500 million bond issuance by Empresa de Transmisión Eléctrica, S.A. (ETESA) Read More »

Alcogal, projects and infrastructure law firm in Panama, is currently assisting Grupo GEN in the preparation of their proposal for the public bid process carried out by the Maritime Authority for the operation and maintenance of the cruise terminal on Perico Island, Panama. The operation of the cruise port in the Pacific side of Panama is …

Operation and maintenance of the cruise terminal on Perico Island Read More »

Alcogal, securities law firm in Panama, advised Alternegy, S.A., operating as a subsidiary of Celsia, member of Grupo Argos, with the issuance of its first bond offering in the amount of USD320 million 5,5% Notes due 2028. The corporate bonds were issued by Banco General, S.A. and Banistmo, S.A. This is one of the year’s …

Alcogal: Securities law firm in Panama Read More »

The Corporate and M&A team at Alemán, Cordero, Galindo & Lee, along with the Banking, Finance and Capital Markets team, advised Citigroup in the acquisition by Scotiabank of the banking and commercial operations of Citigroup’s 27 branches in Panama and Costa Rica. Through this acquisition, Scotiabank’s total number of clients in these two countries increased …

Alcogal advises Citigroup in the sale of its operations in Panama and Costa Rica to Scotiabank Read More »