The leading financial law publication, International Financial Law Review (IFLR), has nominated two of the most emblematic financial transactions handled by Alcogal in 2020 as “Deal of the Year” for the Americas Awards 2021, awards that highlight the most innovative cross-border transactions.
In the Structured Financing and Securitization category, the firm is highlighted for its role in the first bond issuance in the international capital markets of Banco Nacional de Panama since its creation, which in turn was the largest securities issuance made by a financial institution in Panama to date. This bond issuance was also characterized for having the lowest interest rate (2.5%) ever obtained by a Panamanian bank.
Additionally, Alcogal stands out in the Loans category for its role advising Banco Nacional de Panamá in connection with two international loans with MIGA guarantee that totaled US$510 million and which were part of the bank’s strategy to provide liquidity to the Panamanian banking system during the Covid-19 crisis.
Alcogal’s team in both transactions was comprised of partners Arturo Gerbaud and Eloy Alfaro B., and senior associates Rita de la Guardia and Rafael Marquínez.
The winners will be announced on May 20, 2021.