Arias, Fábrega & Fábrega continued its involvement in international sovereign bond issuances by the Republic of Panama. Prior, during and after the pandemic, ARIFA has had the privilege to participate in the recent offering by the Republic of Panama of: 

• US$1.1 billion 7.500% Global Bonds due 2031. 
• US$1.25 billion 8.000% Global Bonds due 2038.
• US$750 million 7.875% Global Bonds due 2057.  

Citigroup Global Markets and Goldman Sachs & Co. acted as Joint Book-Running Managers.