Morgan & Morgan advised Corporación Bella Vista de Finanzas, S.A., in the public offering of revolving corporate bonds for an amount of up to US$10 million
November, 2017 - Panama, Panama
Morgan & Morgan advised Corporación Bella Vista de Finanzas, S.A., one of the most important finance companies of Panama, in the public offering of revolving corporate bonds for an amount of up to US$10,000,000.00
Corporación Bella Vista de Finanzas, S.A., registered a program of revolving corporate bonds in series for an amount of up to US$10,000,000.00 with the Superintendency of Capital Markets of Panama. Payments due to holders under the revolving corporate bonds are backed by a collateral trust constituted under the laws of Panama, the assets of which would be composed by mortgages, personal loans and other receivables originated by the issuer in its course of business and assigned to the collateral trust and a personal guarantee issued by its parent company, Grupo Bella Vista Internacional, Inc. MMG Bank Corporation acted as financial advisor, payment agent and broker dealer of the offering.
Corporación Bella Vista de Finanzas, S.A. is one of the most reputable companies in Panama engaged in the business of granting loans to the public. It has a finance company license granted by the Direction of Finance Companies of the Ministry of Commerce and Industry of Panama.
Partner Francisco Arias G., and associates Ricardo Arias and Pablo Epifanio, participated in the transaction.
