Transactions

Alcogal advised BofA Securities, Inc. and Banco General, S.A. as initial purchasers in connection with a 144A/Reg S, locally registered and listed, USD400 million bond offering by ENA Master Trust, a special purpose vehicle formed by Empresa Nacional de Autopista (ENA). The transaction concluded in November 2020. Partner Arturo Gerbaud, together with senior associates Rita …

Alcogal advised BofA Securities, Inc. and Banco General, S.A. as initial purchasers in a USD400 million bond offering by the ENA Master Trust Read More »

We advised Banco General S.A. as arranger and administrative agent in connection with the structuring and registration of a USD180 million corporate bonds issuance by Hydro Caisán, S.A., as well as their public offering. Furthermore, as part of a liability management operation we also advised Banco General, S.A., as arranger and administrative agent, with the …

Alcogal advised Banco General S.A. as arranger and administrative agent in a corporate bonds issuance for USD180 million Read More »

Partner Arturo Gerbaud, together with senior associates, Rita de la Guardia and Rafael Marquínez, recently represented AES Panama Generation Holdings, S.R.L. in connection with a corporate bond issuance of up to USD1.4 billion in order to refinance the existing indebtedness of several AES group entities in Panama. The issuance was structured as a 144A/Reg S …

Alcogal advised AES Panama Generation Holdings, S.R.L. in connection with a corporate bond issuance of up to USD1.4 billion and a syndicated loan of up to USD105 million Read More »

Our capital markets team recently advised Banco Nacional de Panamá in connection with its USD1 billion Rule 144A / Regulation S bond issuance. This transaction is the first international bond issuance in the international capital markets of Banco Nacional de Panamá since its creation and represents the largest securities issuance that any Panamanian financial institution has made. This …

Alcogal advised Banco Nacional de Panamá in a USD1 billion bond issuance Read More »

June 2020 – We advised BAC International Bank, Inc., as issuer and Multi Securities Inc. as arranger in connection with the structuring and registration of a USD700 million corporate bonds issuance by BAC International Bank, Inc., as well as their public offering. As legal advisors to the issuer and to the arranger we were responsible …

Alcogal advised BAC International Bank, Inc. and Multi Securities Inc. in a corporate bonds issuance for USD700 million Read More »

December, 2019.- Alcogal advised BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC as the dealer managers of the exchange operation of senior bonds due in 2020 of up to USD550,000,000, issued by Avianca Holdings, S.A. which aimed, among other benefits, to exchange …

Alcogal advised the dealer managers in a senior notes offering by Avianca Holdings, S.A. for USD550 million Read More »