Alcogal represented Global Bank Corporation in a US$550 million bond offering registration and listing for their sale in the secondary market. Alcogal, a leading banking law firm in Panama, advises many of the world’s largest and most sophisticated financial institutions on a full-range of banking, securities and related regulatory matters in the Republic of Panama.
Banking law firm in Panama
Alcogal represented Global Bank Corporation in the registration with the Superintendence of Capital Markets of Panama of US$550 million 144A/Reg S bond offering initially listed in the Luxembourg Stock Exchange for their sale in the secondary market.
The transaction closed in June 2017.
Partner Arturo Gerbaud, along with associate Rafael Marquínez, were in charge of this transaction.
About Global Bank Corporation
The company was incorporated in 1993 and is headquartered in Panama City, the Republic of Panama. Global Bank Corporation is a subsidiary of G.B. Group Corporation and started operations in 1994.
Panama’s Global Bank Corporation (GBC) provides personal, private, corporate and commercial banking services It operates through 36 branches and 9 express centers in the Republic of Panama. and 104 ATMs in the country.
Commercial and consumer banking services
Global Bank Corporation provides commercial and consumer banking services in the Republic of Panama and internationally. It operates through Banking and Financial Activities, Insurance, and Pension and Severance Funds segments.
The company offers savings and current accounts; fixed term and step up time deposits; personal, auto, motorcycle, mortgage, and secured loans, as well as leasing services; debit and credit cards; lines of credit, overdrafts, and corporate cards; financing for construction projects, transportation sector, and farming; asset management and fiduciary services, as well as investment funds; securities brokerage services; and online banking, automated teller machine, and electronic funds transfer services.
It also provides corporate finance and financial advisory, foreign banking, and trust fund management services. In addition, the company is involved in the purchase of discounted invoices; issuance of insurance policies; and ownership and management of real estate.
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