Morgan & Morgan provided legal counsel to La Hipotecaria, S.A. regarding cross-border securitization of mortgage loans and public offering of mortgage bonds for up to US$12,500,000.00
La Hipotecaria, S.A. as trustee of the Ninth Trust of Mortgage Loan Bonds, registered mortgage loans bonds for an amount of up to US$12,500,000.00 before the National Securities Commission of the Republic of Panama, which have also been successfully placed through Panama’s Stock Exchange. Payments due to holders of said bonds are secured by a
- Published in expertise, Francisco Arias, Ricardo Arias, Securities and Capital Markets
Morgan & Morgan advise HSBC in the negotiation with the US$1.8 billion acquisition of Grupo Banistmo, S.A.
Morgan & Morgan have acted as Panamanian counsel for HSBC in its completed acquisition of up to 100% of the issued and outstanding common shares of Grupo Banistmo, S.A., a Panamanian bank holding company which owns investment banking, brokerage, insurance and other operations in Panama, Costa Rica, Colombia, El Salvador, Honduras, Nicaragua, Cayman Islands, Bahamas, Montserrat
- Published in Banking Law, Inocencio Galindo, Mergers & Acquisitios, Romulo Roux
Morgan & Morgan advise AES El Salvador in US$300 million bonds issuance
On February 14, 2006, global power company AES issued US$300 million worth of bonds in the international market, guaranteed by four electricity distribution companies it controls in El Salvador. This issuance was the first by a private company to be guaranteed in this way originating from Central America. It was also the first investment grade
- Published in Energy, expertise, Inocencio Galindo, Projects, Ramon Varela, Raul Castro, Romulo Roux, Securities and Capital Markets