We advised Banco Nacional de Panamá in connection with two international loans with MIGA guarantee. In the first transaction, Societe Generale Paris participated as lenders and had a value of up to US$150 million.

The second transaction was in relation to a loan of up to US$360 million subscribed with Banconal COVID Relief Facility S.a.r.l, also as lenders.

Both facilities are part of Banco Nacional de Panama´s strategy to provide liquidity to the Panamanian banking system.

Partners Arturo Gerbaud and Eloy Alfaro B., together with senior associate Rita de la Guardia, assisted Banco Nacional de Panamá. Both transactions closed in July 2020.