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 US$700 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 for (i) drafting the core documents of the transaction and all the ancillary documents, as well as (ii) registering the corporate bonds issuance before the Superintendence of Securities Market of Panama.
This is the largest and most relevant issuance taking place this year, and it takes special relevance during the current Covid-19 health crisis, since an important banking entity in the marketplace such as BAC International Bank, Inc., maintains confidence in Panama´s securities market.
Partners Arturo Gerbaud and Eloy Alfaro, together with senior associate Rafael Marquínez, advised BAC International. The transaction closed on May 2020.