Finance transactions

Alcogal has participated in several relevant  transactions in the finance sector, which is why we are recognized as the best finance law firm in Panama. Some of the firm´s most representative transactions are as follows:

  • We advised Credito Real with the issuance of a US$400 million senior unsecured notes.
  • We acted as lead counsel to Promerica Financial Corporation in connection with its first US issuance of notes worth US$200 million.
  • We advised Tocumen International Airport in $225 million bond issue.
  • We represented Multibank, Inc. in its first international debt offer.

Banco General Bond Issuance

Alcogal represented Banco General, S.A. in a US$250 million corporate bond issuance.

Alcogal represented Grupo Mundial Tenedora, S.A. and Banvivienda in an exchange process of non-accumulative preferred shares. Partner Arturo Gerbaud, along with associate Rafael Marquínez, were in charge of this transaction. The transaction closed in July 2017.

Alcogal advised Banco General, S.A. as arranger in connection with the structuring and registration of a US$250 million corporate bonds issuance by Inmobiliaria Don Antonio, S.A., a subsidiary of Rey Holdings, Corp., in connection with the issuance and the registration with the Superintendence of Capital Markets, of the corporate bonds being issued. To this date, this is one of the largest bond issuances by a company from the supermarket and grocery stores/food retail sector in Panama.

The Alcogal team representing Banco General, S.A. in this transaction was led by partner Arturo Gerbaud and associate Rafael Marquinez. The transaction close in September 2018

Banco General

Banco General was founded in April 1955, thanks to the vision of Panamanian businessmen who incorporated it as the first private bank of Panamanian capital. It is currently the largest Panamanian private bank in the plaza, with a broad infrastructure of 73 branches and more than 600 ATMs, a bank in Costa Rica and representative offices in Mexico, Guatemala, El Salvador, Colombia and Peru.

Banco General offers General Banking, Mortgage, Commercial, Consumer, Private Banking, Investment Banking and Insurance Operations.

Banco General is renowned for its excellent customer service with a team dedicated to ensuring that the standards are maintained.

To help in this process Banco General performs frequent surveys where customer satisfaction, speed, friendliness, ease or transaction processing and product knowledge is measured.

Banco General also places great importance on the service offered to commercial customers focusing on what the customer wants and adapting to their needs.

Finance law firm in Panama

Our practice is uniquely structured, centered on a lending core and bolstered by niche specialty areas, including corporate trust, commercial mortgage servicing, and structured finance.

Alcogal 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.

Alcogal is an acknowledged industry leader in the banking and finance sectors and has been involved in Panama’s largest and most complex financial transactions.

For more information about our practices as finance law firm in Panama, click here.

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