Morgan & Morgan advises Banistmo in US$100-million stock offering

Morgan & Morgan has served as legal advisor to Panama-based Primer Banco del Istmo, SA (Banistmo) in the first US$50-million public offering of cumulative, non-voting 9 per cent preferred shares, each with a face value of US$100.00 in August. Dividends on the preferred shares will be distributed quarterly. The offer was duly approved by and registered before the National Securities Commission of Panama.

Unlock unlimited access to all Latin Lawyer content