BLP has advised IDB Invest, FinDev Canada and LAGreen (the “Investors”) on $50 million in Costa Rica’s first blue bond, marking a historic transaction for the country’s capital markets sector. IDB Invest partnered with Banco Nacional de Costa Rica (“BNCR”) to launch Costa Rica’s first blue bond, marking a significant step towards bolstering the blue…
Category Archives: Banking & Finance
Analysis, Banking & Finance, Blog, Costa Rica
Is it possible to endorse an electronic promissory note or bill of exchange?
16
Jul
Jul
Author https://blplegal.com/wp-content/uploads/2024/07/ART-Letra-de-cambio-y-pagare-electronico_FOTO.png José Pablo Rojas Director Costa Rica E-mail For those who have joined me in this analysis since the previous article (and if you have not read it, I invite you to do so), you may remember that we considered the scope of Law No. 8454, Law on Certificates, Digital Signatures and Electronic Documents…
Analysis, Banking & Finance, Blog, Costa Rica
Electronic bills of exchange and promissory notes, are they a reality?
16
Jul
Jul
Author https://blplegal.com/wp-content/uploads/2024/07/ART-Letra-de-cambio-y-pagare-electronico_FOTO.png José Pablo Rojas Director Costa Rica E-mail Costa Rica (like the rest of the world) has been modernizing to provide agility to transactions of various kinds that occur at the commercial and banking level, as well as for the relationship between those administered and the State. Undoubtedly, one of the most important steps…
Banking & Finance, Blog, Costa Rica, News
BLP advised IFC on an initial investment of US$2 million in ProNuvo
26
Jun
Jun
To bolster the circular economy in Latin America and the Caribbean, the International Finance Corporation (IFC) announced an initial investment of US$2 million in ProNuvo, a Costa Rica-based company specializing in the sustainable production of insect-based animal feed. The IFC financing, part of the institution’s upstream activities, will enable ProNuvo to complete the construction of…
Banking & Finance, Blog, Guatemala, News
BLP advised IDB Invest and Finance in Motion on the investment in sustainable bonds to be issued by Banco Promerica in Guatemala
17
Jun
Jun
Banco Promerica’s public bond issue is the first such debt in Guatemala. It represents a significant investment project with the purpose of financing projects focused on protecting the environment and counteracting the effects of climate change. This issuance is part of a program in which Banco Promerica received approval from the Monetary Board of Guatemala…
07
Jun
Jun
BLP has advised CAF (Development Bank of Latin America and the Caribbean), a multilateral financial organization, on its second bond issuance in Costa Rica, amounting to ¢47,250,000,000, equivalent to USD 94 million with a 6.35% coupon and a term of eight years, as structured by Citi and BCR Valores Puesto de Bolsa. With this issuance,…
Banking & Finance, Blog, Business Law, El Salvador, News
BLP advised Bancolombia and a consortium of Banks on a Syndicated Loan for US$700 Million
15
Feb
Feb
BLP has advised a group of several first-line creditors, including Banks from the following financial groups: Bancolombia, Davivienda, BAC, Aval, Banco Industrial, and Banco General, on a syndicated loan for US$700 million, granted to Grupo Calleja, the leading grocery retailer in El Salvador. The credit facility’s primary purpose is the acquisition by Grupo Calleja of…
At BLP, Banking & Finance, Blog, Business Law, Energy & Infrastructure, Guatemala
Jorge Arenales joins BLP, bolstering the Firm’s expertise in Corporate, Transaction and Finance matters
02
Jun
Jun
We are thrilled to announce the incorporation of esteemed legal professional Jorge Arenales as a new partner. With a remarkable background in corporate and finance matters, Arenales brings a wealth of experience and an outstanding reputation to our firm. Arenales has demonstrated his exceptional legal skills throughout his career. Prior to joining BLP, he served…
Banking & Finance, Blog, Costa Rica, Environmental, Social and Governance (ESG), News
BLP advised on the issuance of $1.5 billion in Eurobonds by the Republic of Costa Rica
12
Apr
Apr
On March 27, the Republic of Costa Rica issued bonds in foreign currency for $1.5 billion with a yield of 6.55%, averaging a maturity in 2034. BLP served as a local counsel to Santander US Capital Markets LLC and J.P. Morgan Securities LLC, who acted as initial purchasers and joint administrators in this transaction. Official…
Banking & Finance, Blog, Environmental, Social and Governance (ESG), News
BLP advised IDB Invest on the granting a loan of up to $115,000,000 to Banco Davivienda (Costa Rica) S.A. to increase climate financing in Costa Rica
21
Mar
Mar
BLP has advised IDB Invest on the grant of a loan of up to $115,000,000 to Banco Davivienda (Costa Rica) S.A. financed by IDB Invest and several external lenders. The loan will be used to expand Davivienda’s portfolio of green products and favor the reduction of greenhouse gas emissions through support and financing of the…