Arias, Fábrega & Fábrega advised MASPV Clean Energy, a Spain-based group specializing in renewable energy generation, in connection with: 

1. the registration of a US$75 million revolving corporate bond issuance program by its affiliate, SB-6 Project, Inc., before the Panamanian Superintendence of Capital Markets, and its subsequent listing on the Latin American Stock Exchange (Latinex); and 
2. the issuance of US$2.1 million in Series A notes under the program.

The program is secured by Samdro Group Corp., another MASPV group entity. The Series A notes received a BBB- rating from Moody’s Panama, reflecting the credit strength of the transaction.

The successful registration, listing, and placement of the Series A notes underscore Panama’s growing relevance as a regional hub for green and sustainable financing, as well as the continued diversification of its electricity market. The transaction further highlights ARIFA’s leading expertise in capital markets and energy sector transactions.