We acted as Panamanian counsel to the initial purchasers, Bank of America, J.P. Morgan and Goldman Sachs & Co. LLC, in connection with a 144A/Reg S bond issuance of Banco General, S.A., of US$400 million issuance mainly to strengthen Banco General, S.A.’s Primary Capital (Capital Primario, as defined by the Superintendency of Banks of Panama).  The issuance was structured as a 144A/Reg S offering and is registered with the Superintendence of Capital markets of Panama and was placed through the Panama Stock Exchange.

Partner Arturo Gerbaud led the ALCOGAL team, assisted by senior associates Rafael Marquínez and Rita de la Guardia.