Category Archives: El Salvador
Banking & Finance, Blog, El Salvador, Energy & Infrastructure, Transactions
BLP Advises IDB Invest on a Pioneering Blue Bond Issuance in El Salvador
Jun
BLP advised IDB Invest on the structuring and acquisition of blue bonds issued by Banco Agrícola, S.A., as part of a bond issuance program of up to US$200,000,000. In this transaction, IDB Invest participated as anchor investor, acquiring US$10,000,000 corresponding to the first tranche of the issuance and providing technical advisory services. The transaction is…
At BLP, Banking & Finance, Blog, El Salvador
Newsflash: Repeal of Article 10 of the Banking Law: New Investment Opportunities
Mar
El Salvador: Reform to the Banking Law Expands Foreign Investment Opportunities The Legislative Assembly approved an amendment to the Banking Law (the “Reform”), fully repealing Article 10 of such law. Former Article 10 established requirements and conditions that Salvadoran banks were required to meet regarding their shareholding structure, based on nationality criteria and the regulatory…