Alcogal acted as legal advisor to Grupo Cibest S.A. in connection with the execution of a promise to purchase and sell agreement for the sale of 100% of the shares of Banistmo, S.A., one of Panama’s most significant financial institutions. The transaction was agreed with Inversiones Cuscatlán Centroamérica S.A., a financial group with a strong …
Alcogal advises Grupo Cibest on the sale of Banistmo Read More »
We are proud to announce that we have supported our client, The Bank of Nova Scotia, in the successful closing of the integration of its operations in Colombia, Costa Rica, and Panama with Banco Davivienda. This transaction required a strategic approach and the involvement of a multidisciplinary Alcogal team. The integration will significantly strengthen Banco …
Alcogal acted as Panamanian legal advisor to IDB Invest in its participation as anchor investor in Banistmo S.A.’s sustainable bond issuance for a total amount of USD 100 million. This transaction, which involves the subscription of IDB Invest bonds in Panama’s public securities market, aims to expand access to credit for women-led SMEs and support …
Alcogal advised Banco Ficohsa (Panama), S.A. on the registration of its Corporate Securities Revolving Program for up to US$30,000,000.00, structured by Global Bank Corporation. The transaction involved our partner Rafael Marquínez, together with associate Lilah Levin, reaffirming the firm’s commitment to legal excellence in the Panamanian capital markets. Through this engagement, Alcogal strengthens its role …
We acted as Panamanian legal advisors in Bladex’s first international AT1 bond issuance, which reached an amount of USD 200 million and received strong interest from international investors. The transaction featured Bank of America Securities and J.P. Morgan Securities, LLC as lead coordinators, and Jefferies as co-manager.The lawyers involved in this transaction were Arturo Gerbaud, …
Banistmo, S.A. acted as structurer and underwriter in the registration of a Corporate Bond Revolving Program for Supermercados Xtra, S.A. with the Superintendency of the Securities Market of Panama, for an amount of up to US$300 million. The first series, amounting to US$110 million, has been successfully listed on the Latin American Stock Exchange. This …
Under the leadership of partner Rafael Marquínez, Microserfin, as the issuer, and Banco General, as the structurer and underwriter, have registered and placed the first series of social bonds in Panama, with a Moody’s risk rating of BBB and aligned with the United Nations Sustainable Development Goals. We are honored to be part of …
“Alcogal acted as local counsel to Global Bank in connection with a loan for an amount of up to USD50 million dollars granted by Japan International Cooperation Agency’s (JICA). This transaction marks JICA’s first foray into investment financing in the private sector in Panama. Proceeds of this loan will strengthen Global Bank Corporation’s portfolio …
“Alcogal served as legal advisor to a bank syndicate in the historic acquisition of Grupo Éxito by Grupo Calleja. Our firm played an essential role providing expertise and specialized advisory in this complex transaction involving collaboration between five prominent financial groups in the region.”
“Alemán, Cordero, Galindo & Lee (Alcogal) advised Multibank, Inc. with the registration of subordinated corporate bonds for USD100 M. Alemán, Cordero, Galindo & Lee (Alcogal) represented Multibank, Inc. (the “Issuer”) (i) with the registration of subordinated corporate bonds for USD100M, through the abbreviated registration process for recurring issuers before the Superintendency of Capital Markets, for these to …
Alcogal advised Multibank, Inc. with the registration of subordinated corporate bonds Read More »
