Morgan & Morgan advised a group of financial entities in relation to the securitization of Senior Secured Notes for an amount of up to US$257 million
Morgan & Morgan acted as local counsel to (i) HSBC Investment Corporation (Panama), S.A., as original co-trustee; (ii) Global Financial Funds, Corp., as co-trustee; and (iii) the holders of the 9.50% Senior Secured Notes due 2017 in an aggregate principal amount of US$257,643,695.00, issued by Newland International Properties, Corp. Newland International Properties, Corp. issued notes
Morgan & Morgan advised The AES Corporation in the issuance and sale of US$310 million Senior Guaranteed Notes
Morgan & Morgan advised AES El Salvador, S.A. de C.V., Compañía de Alumbrado Eléctrico de San Salvador, S.A. de C.V., Empresa Eléctrica de Oriente, S.A. de C.V., AES-Clesa y Compañía, S. en C. de C.V. and Distribuidora Eléctrica de Usulután, S.A. de C.V. – all affiliates of THE AES CORPORATION – in the issuance and sale
Morgan & Morgan advised La Hipotecaria Bank, SA in relation to a securitization and public offering of mortgage loan bonds for an amount of up to US$ 45 million
La Hipotecaria Bank, SA, acting as trustee of the Eleventh Mortgage Loans Bonds Trust registered with the Superintendency of Securities of the Republic of Panama mortgage loan bonds in three series up to an amount of US $45,000,000.00, which were successfully placed through the Panama Stock Exchange, SA. The payments to the holders of such
Morgan & Morgan advises Wells Fargo in a US$100 million securitization and acquisition of DPRs
Morgan & Morgan advised Wells Fargo Bank, National Association (Wells Fargo), in their role as investor in a new diversified payment rights program, comprising of the securitization of future funds flows as represented by payment orders (called Diversified Payment Rights or DPRs) for the amount of US$100 million, to be established by Banco General, S.A.
- Published in Ramon Varela, Ricardo Arias, Roberto Vidal, Securities and Capital Markets
Morgan & Morgan advises HSBC Investment in US$500 million bond issuance
Morgan & Morgan acted as Panamanian counsel to the local guarantee trustee, HSBC Investment Corporation (Panama), S.A., as holder of the local security guaranteeing the issue by Global Bank Corporation’s US$500 million covered bond program. Global Bank Corporation will issue the bonds which will be guaranteed by a cover pool comprised of Panamanian residential mortgages
- Published in Inocencio Galindo, Kharla Aizpurua, Securities and Capital Markets
Morgan & Morgan advises Cirsa and Deutsche Bank in senior notes issue for €280,000,000
Morgan & Morgan represented Cirsa Gaming Corporation S.A. and Deutsche Bank AG, London Branch in the offering of €280,000,000 aggregate principal amount of 8.750% senior notes due 2018 through the direct wholly-owned finance subsidiary, Cirsa Funding Luxembourg S,A. The notes are listed in the Luxembourg Stock Exchange for trading on the Euro MTF Market. The
Morgan & Morgan provides legal counsel to Banco La Hipotecaria, S.A. in cross-border securitization of mortgage loans and public offer of mortgage bonds for an amount of up to US$100,000,000.00
Banco La Hipotecaria, S.A., in its capacity as trustee of the Tenth Mortgage Loan Notes Trust, registered before the National Securities Commission of the Republic of Panama mortgage loan notes in two series, knowingly, Series A Notes and Series B Notes for an amount of up to US$100,000,000.00, which were placed successfully through the Panama
- Published in Francisco Arias, Ricardo Arias, Roberto Vidal, Securities and Capital Markets
Morgan & Morgan provides legal advice to HSBC Leasing, S.A., regarding the registration of Revolving Notes for the amount of US$ 150,000,000.00
HSBC Leasing, S.A., a subsidiary of HSBC Bank (Panama), S.A., duly authorized by the Ministry of Commerce and Industry to provide financial services, registered Revolving Notes for the amount of U.S. $ 150,000,000.00 with the National Securities Commission of the Republic of Panama. HSBC Leasing, S.A. will issue said bonds periodically, in Series, and in
- Published in Francisco Arias, Inocencio Galindo, Ricardo Arias, Securities and Capital Markets
Morgan & Morgan advises Cirsa and Deutsche Bank in €400,000,000 transaction
Morgan & Morgan represented Cirsa Gaming Corporation S.A. and Deutsche Bank AG, London Branch in the offering of €400,000,000 aggregate principal amount of 8.750% senior notes due 2018 through the direct wholly-owned finance subsidiary, Cirsa Funding Luxembourg S,A. Application will be made to list the notes on the official list of the Luxembourg Stock Exchange
Morgan & Morgan represented Credit Suisse in US$2,250 million transaction
Morgan & Morgan advised Credit Suisse Securities (Europe) in the issuance and sale of up to US$2,250,000,000 aggregate principal amount of Euro Medium Terms Notes of the Banco Latinoamericano de Comercio Exterior S.A. (Bladex). Application will be made to list the notes on the official list of the Luxembourg Stock Exchange for trading on the