Arias, Fábrega & Fábrega advised the initial purchasers comprised of Banco Latinoamerican de Comercio Exterior, S.A. (BLADEX), J.P. Morgan Securities LLC and Citigroup Global Markets Inc. in connection with the Rule 144A/Regulation S issuance by Global Bank Corporation of US$300 million in Senior fixed to floating rate Notes due 2029.

Proceeds from the notes were used in connection with a liability management transaction to repurchase Global Bank Corporation’s 5.125% Senior Notes due 2019.

The Notes represent the first fixed to floating bond issuance by a Panamanian issuer.

ARIFA also advised J.P. Morgan Securities, and Citigroup Global Markets Inc. in their role as dealer managers.