Finance

New issuance boosts momentum in the real estate sector within the capital markets

Capital Markets, Finance, Real Estate, Transactions / By

We advised Panama Commercial Properties, S.A. on its debut in the local capital markets, through a corporate bond issuance of up to USD 75 million, authorized by the Superintendency of the Securities Market under Resolution SMV-10-26 of January 12, 2026, and listed on the Latin American Stock Exchange (Latinex). With more than a decade of …

New issuance boosts momentum in the real estate sector within the capital markets Read More »

Legal advice to Elektra Noroeste S.A.

Capital Markets, Energy and Natural Resources, Finance, Transactions, Transactions / By

We acted as Panamanian legal counsel to Elektra Noreste, S.A. (ENSA) on the registration, before the Superintendency of the Securities Market of Panama, of its Revolving Corporate Securities Program for an amount of up to US$300,000,000.00, listed on the Latin American Stock Exchange (Latinex). The Program, with a ten-year term, provides for the issuance of …

Legal advice to Elektra Noroeste S.A. Read More »

Corporate bonds of Desarrollos Comerciales, S.A.

Capital Markets, Finance, Real Estate, Transactions / By

We are pleased to announce that we advised on the structuring, registration, and listing of the Corporate Bond Issuance of Desarrollos Comerciales, S.A., for an amount of up to USD 104 million, registered with the Superintendency of the Securities Market of Panama and listed on the Latin American Stock Exchange. This issuance represents one of …

Corporate bonds of Desarrollos Comerciales, S.A. Read More »

Alcogal advises structured financing for the tunnel of Panama Metro Line 3

Finance, Infrastructure, Transactions / By

Alcogal advised the HPH Joint Venture Consortium — composed of Hyundai Engineering & Construction Co., POSCO E&C, and Hyundai Engineering Co. — in the financing of the Panama Metro Line 3 tunnel, part of an approx. USD 1.6 billion structure. Team: Arturo Gerbaud, Rita de la Guardia, Patricia Cordero, Rafael Amar, Lilah Levin, and Victoria …

Alcogal advises structured financing for the tunnel of Panama Metro Line 3 Read More »

Alcogal advises The Bank of Nova Scotia in a strategic transaction that is reshaping regional banking.

Banking, Capital Markets, Finance, Transactions / By

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 advises The Bank of Nova Scotia in a strategic transaction that is reshaping regional banking. Read More »

Driving new opportunities in the real estate sector through the Panamanian capital markets

Capital Markets, Finance, Real Estate, Transactions / By

Congratulations to Aurora SM Ventures, Corp. on the successful placement of its US$55 million corporate bond issuance, registered with the Superintendency of the Securities Market of Panama and listed on Latinex! In this transaction, Alcogal provided legal advice throughout the entire process, which involved Aurora SM Ventures, Corp. as issuer and Multibank, Inc. as structurer. …

Driving new opportunities in the real estate sector through the Panamanian capital markets Read More »

Alcogal advises IDB Invest as anchor investor in Banistmo S.A.’s USD100 million sustainable bond issuance.

Banking, Capital Markets, Finance, Transactions / By

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 advises IDB Invest as anchor investor in Banistmo S.A.’s USD100 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.

Banking, Capital Markets, Finance, Transactions / By

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 USD 200 million.

Banking, Capital Markets, Finance, Transactions / By

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, …

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 USD 200 million. Read More »