Arias, Fábrega & Fábrega acted as counsel to Global Bank Corporation, the second largest bank of Panamanian capital, in connection with its US$150 million issuance of subordinated bonds registered in with National Securities Commission of the Republic of Panama and listed on the Panama Stock Exchange.

For Global Bank, this is its first issuance of long-term debt (60-year maturity) which has also received equity credit from the Superintendency of Banks of Panama.  The bonds will be issued in series, and the issuer expects to place them both in Panama and in the Central America region.