BLP advised Banco Santander S.A. and The Bank of New York Mellon on the issuance of Global Depository Notes (GDNs) in the international capital markets. The issuance was carried out under Rule 144A and Regulation S. The GDN issuance was secured with domestic debt bonds issued by the Government of Costa Rica on November 21,…
Category Archives: Banking & Finance
15
Dec
Dec
Through Resolution JM-98-2025, the Monetary Board approved a new Regulation for the Management of Technological Risk (the “Regulation”), designed to strengthen security standards and information protection within the Guatemalan financial system. This regulation repeals Resolution JM-104-2021 and seeks to address global technological developments, the rise in cyber threats, and the increasing use of artificial intelligence…
Banking & Finance, Blog, Costa Rica, News
BLP advises IDB Invest on a US$20 million regional electric mobility financing for the Kaufmann Group
03
Dec
Dec
BLP advised IDB Invest as lead counsel in connection with a US$20 million senior secured, uncommitted revolving import finance facility granted to subsidiaries of the Kaufmann Group in Costa Rica and Peru to support the introduction and scaling of electric vehicles, plug-in hybrid vehicles, charging infrastructure, and related equipment in both jurisdictions. The facility, structured…
Banking & Finance, Blog, Costa Rica, El Salvador, Guatemala, News
BLP advises BofA Securities and J.P. Morgan on Mobiliare’s US$500 million inaugural bond issuance
18
Nov
Nov
BLP advised BofA Securities, Inc. and J.P. Morgan Securities LLC as initial purchasers in the issuance of US$500 million aggregate principal amount of 6.750% senior notes due 2032 by Mobiliare Latam, S.A. (“Mobiliare Holding”) and Mobiliare Latam México, S.A. de C.V., as co-issuers. The offering was conducted pursuant to Rule 144A and Regulation S, and…
Banking & Finance, Blog, Costa Rica, News
BLP advises PROPARCO on sustainable financing to Banco Promerica
30
Oct
Oct
BLP advised PROPARCO on the structuring of a USD 50 million senior international loan granted to Banco Promerica, aimed at supporting sustainable and socially impactful projects in Costa Rica. The loan, divided into two tranches — Tranche A (USD 20 million) and Tranche B (USD 30 million) — has maturities of up to ten years….
Banking & Finance, Blog, El Salvador, Ethics & Anti-Corruption, News
New special law on money laundering and terrorism financing in El Salvador
15
Oct
Oct
On October 9, Legislative Decree No. 426 was published in the Official Gazette, enacting the Special Law for the Prevention, Control, and Sanction of Money Laundering, Terrorism Financing, and the Financing of the Proliferation of Weapons of Mass Destruction (the “Law”). Its main purpose is to transform El Salvador’s anti-money laundering regime from a punitive…
Banking & Finance, Blog, Costa Rica, News
BLP advised IFC on USD 200 million financing to BAC Costa Rica for women-led MSMEs and sustainable projects
01
Oct
Oct
BLP advised the International Finance Corporation (IFC), a member of the World Bank Group, on a USD 200 million loan to BAC Costa Rica, the country’s largest private bank, aimed at strengthening its credit programs for micro, small and medium-sized enterprises (MSMEs)—particularly those led by women—and expanding investments in sustainable projects. The financing package provides…
Banking & Finance, Blog, El Salvador, News
BLP advises BofA Securities, Inc. on the first international debt issuance by an autonomous institution in El Salvador
30
Jul
Jul
BLP advised BofA Securities, Inc., as initial purchaser, in the international R144A bond issuance carried out by the Comisión Ejecutiva Hidroeléctrica del Río Lempa (CEL), which was backed by a sovereign guarantee from the Republic of El Salvador. This transaction marks a milestone in El Salvador’s financial market, as it represents the first international bond…
Banking & Finance, Blog, Business Law, Costa Rica, Cybersecurity & Data Protection, Environment, Health & Safety, Intellectual Property, Labor & Employment, News
BLP advised IFX on the acquisition of Luminet
23
Jun
Jun
BLP advised IFX Networks on the acquisition of Luminet, also known as CRISP (Costa Rica Internet Service Provider S.A.), a Costa Rican company specializing in internet services and fiber optic connectivity, with more than 15 years of experience in the development and implementation of telecommunications projects. This transaction allows IFX to strengthen its position in…