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 »
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 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 »
Alcogal advised Fountain Hydro Power Corp., as Issuer, in connection with a USD110 million corporate bonds issuance registered by the Superintendency of Capital Markets and listed in Latinex, issued for purposes of refinancing the existing credit facilities of the Issuer. Fountain Hydro Power Corp. is owned by Agua Imara ACA and Panama Hydroelectric Ventures. Alcogal’s …
Alcogal advised on the public offering and bond issuance of Fountain Hydro Power Corp. Read More »
Alcogal acted as legal counsel to G.B. Group Corporation (holding company of Global Bank Corporation) in (i) the exchange process of Series A and Series B cumulative preferred shares without voting rights of G.B. Group Corporation for Series C preferred shares of G.B. Group Corporation and (ii) issuance and placement of Serie C preferred shares …
We advised Banco General S.A. as arranger, in connection with the amendment to certain terms and conditions of a USD250,000,000 corporate bonds issuance that Supermercados XTRA, S.A. has registered with the Superintendence of Capital Markets, in order to carry out the issuance and offering of Series E, F, and G of bonds for a total …
We advised BofA Securities, Inc., Citigroup Global Markets Inc. and Banco General, S.A., as initial purchasers in connection with a 144A/Reg S secured bond offering of Aeropuerto Internacional de Tocumen, S.A. (AITSA) for USD1.85 billion, as well as counsel to the dealer managers in connection with a liability management operation of the existing bonds issued …
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