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Morgan & Morgan

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Morgan & Morgan
MMG Tower, 23rd Floor Ave. Paseo del Mar, Costa del Este Panama City Rep. of Panama

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507.265.7777 | [email protected]
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Morgan & Morgan advised Empresa Nacional de Energía, S.A. in the issuance of corporate bonds for an amount of up to US$50 million

Wednesday, 25 September 2013 / Published in Ana Castillo, Banking Law, Energy, expertise, Francisco Arias, Kharla Aizpurua, Ricardo Arias, Roberto Vidal

Morgan & Morgan advised Empresa Nacional de Energía, S.A. in the issuance of corporate bonds for an amount of up to US$50 million

Morgan & Morgan represented Empresa Nacional de Energía, S.A. (EMNADESA) in the issuance of corporate bonds in three series for an amount of up to US$50,000,000.00 which were successfully placed through the Panama Stock Exchange, S.A.

The bonds, placed by EMNADESA for the financing of construction and operation of hydroelectric projects in the Republic of Panama, are guaranteed by a collateral trust which will, among other assets, receive the funds generated by each project from the sale of electric power.  Insignia Financial Advisors acted as sole financial advisor and Global Financial Funds Corp. acted as trustee of the collateral trust.

Partner Francisco Arias, and associates Ricardo Arias, Kharla Aizpurua Olmos, Roberto Vidal and Ana Carolina Castillo, participated in this transaction.

Morgan & Morgan representó a Empresa Nacional de Energía, S.A. (EMNADESA) en la emisión de bonos corporativos en tres series hasta por un monto de US$50,000,000.00, la cual se colocó exitosamente a través de la Bolsa de Valores de Panamá, S.A.

Los bonos, colocados por EMNADESA para el financiamiento de la construcción y operación de proyectos hidroeléctricos en la República de Panamá, están garantizados por un fideicomiso de garantía el cual, junto con otros activos, recibe los fondos generados por cada proyecto por la venta de energía eléctrica. Insignia Financial Advisors actuó como el asesor financiero único, y Global Financial Funds Corp. actuó como fiduciario del fideicomiso de garantía.

Francisco Arias, socio, y Ricardo Arias, Kharla Aizpurúa Olmos, Roberto Vidal y Ana Carolina Castillo, asociados, participaron en esta transacción.

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