Morgan & Morgan advised Multibank Inc., one of the largest and most important banks in Panama, in a public offering of revolving short term commercial paper for an amount of up to US$200,000,000.00
Multibank Inc., registered a program of revolving short term commercial paper in series for an amount of up to US$200,000,000.00 with the Superintendency of Capital Markets of Panama. Payments due to holders of such securities are unsecured and backed by the general credit of the issuer. MMG Bank Corporation acted as financial advisor, payment agent and broker dealer of the offering. The securities issued under the first of the series of the program were successfully listed in the Panama Stock Exchange.
Partner Francisco Arias G., and associates Ricardo Arias and Pablo Epifanio, participated in the transaction.