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 the most significant transactions in the Panamanian capital markets so far this year and reaffirms investor confidence in the country’s commercial real estate sector, as well as in the local securities market’s capacity as a competitive financing platform.
Banco General, S.A. acted as structuring bank for the issuance.
Alcogal’s legal team was led by partner Rafael Marquínez, with support from associates Lilah Levin and Rafael Amar.
Congratulations to Desarrollos Comerciales, S.A. on this important transaction in the Panamanian capital markets.