Capital Markets

Alcogal advises IDB Invest as anchor investor in Banistmo S.A.’s US$100 million sustainable bond issuance.

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 US$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 projects …

Alcogal advises IDB Invest as anchor investor in Banistmo S.A.’s US$100 million sustainable bond issuance. Read More »

Alcogal acted as legal advisor in the corporate securities issuance of Banco Ficohsa (Panama), S.A., and participated in the bell-ringing ceremony at Latinex.

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 …

Alcogal acted as legal advisor in the corporate securities issuance of Banco Ficohsa (Panama), S.A., and participated in the bell-ringing ceremony at Latinex. Read More »

Alcogal acted as Panamanian legal advisor to Bank of America Securities, J.P. Morgan Securities, and Jefferies in Bladex’s first international AT1 bond issuance for US$200 million.

We acted as Panamanian legal advisors in Bladex’s first international AT1 bond issuance, which reached an amount of US$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, Rita …

Alcogal acted as Panamanian legal advisor to Bank of America Securities, J.P. Morgan Securities, and Jefferies in Bladex’s first international AT1 bond issuance for US$200 million. Read More »

Alcogal advised Multibank, Inc. with the registration of subordinated corporate bonds

“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 »

Alcogal advised Banco General, S.A., as arranger, in connection with the registration of the common shares of Supermercados Xtra, S.A.

Alemán, Cordero, Galindo & Lee (Alcogal) advised Banco General, S.A., as arranger, in connection with (i) the registration of the common shares of Supermercados Xtra, S.A. with the Superintendence of Capital Markets (SCM) and their corresponding in the Latin American Stock Exchange (Latinex) for their negotiation in the secondary market, resulting in a USD45.6M equity …

Alcogal advised Banco General, S.A., as arranger, in connection with the registration of the common shares of Supermercados Xtra, S.A. Read More »

Alcogal advised Grupo Aval in its corporate reorganization process

Alcogal advised Grupo Aval in its corporate reorganization process. This reorganization resulted in the spinoff of a 75% equity stake in its indirect subsidiary BAC Holding International Corp. (BHI), in favor of its shareholders and the shareholders of Banco de Bogota (prior to the spinoff, the direct owner of BHI). BHI is the Panamanian holding …

Alcogal advised Grupo Aval in its corporate reorganization process Read More »