Alcogal acted as Panamanian counsel to Elektra Noreste, S.A., (ENSA) in connection with its 4(a)(2) US$100 million corporate bonds issuance. The issuance was structured as a 4(a)(2)/Regulation S offering and was registered with the Superintendence of Capital Markets of Panama and placed through the Latin American Exchange (LATINEX).

This is one of the few 4(a)(2)/Regulation S bond issuance to be registered to this date with the Superintendence of Capital Markets of Panama, as well as in Central America and the Caribbean.

Partner Arturo Gerbaud led the Alcogal team, assisted by senior associates Rafael Marquínez and Rita de la Guardia.