4 September 2020

Clifford Chance advises on Banco Nacional de Panamá’s US$1 billion Rule 144A/Regulation S bond issuance and US$510 million credit facilities

Capital Markets & IPO Financial Services Completed Panama United States

Advising firms

Clifford Chance

Lenders acting for Goldman Sachs and Société Générale

Clifford Chance

Underwriters acting for Goldman Sachs and Credit Suisse

Deal team

35 lawyers named

Lawyer	Firm	Seniority	Practice	Office
Jon Zonis Lead	Clifford Chance	Partner	Capital Markets	New York
Hugo Triaca Lead	Clifford Chance	Partner	Capital Markets	New York
Deborah Zandstra Lead	Clifford Chance	Partner	Capital Markets	London
Lane Feler	Clifford Chance	Associate	Capital Markets	New York
Fernando Castillo Villalpando	Clifford Chance	Associate	Not stated	New York
Avrohom Gelber	Clifford Chance	Partner	Tax	New York
Elizabeth Adams	Clifford Chance	Associate	Tax	New York
Hilary Evenett	Clifford Chance	Partner	Corporate	London
Azam Taiyeb	Clifford Chance	Associate	Capital Markets	London
Phoebe Bower	Clifford Chance	Associate	Capital Markets	London
James Kelton	Clifford Chance	Associate	Capital Markets	London
Ann Wei	Clifford Chance	Associate	Capital Markets	London
Patrick Killing	Clifford Chance	Associate	Corporate	London
Amy Hillier	Clifford Chance	Trainee	Not stated	London
Anna Buscaglia	Clifford Chance	Trainee	Not stated	London
Rani Chowdhary	Clifford Chance	Trainee	Not stated	London
Cliff Cone	Clifford Chance	Partner	Regulatory	New York
Daniel Winick	Clifford Chance	Partner	Banking & Finance	New York
Andrew Young	Clifford Chance	Counsel	Banking & Finance	New York
Mariana Estévez	Clifford Chance	Associate	Capital Markets	New York
Andrés Berry	Clifford Chance	Associate	Project Finance	New York
Matt Press	Clifford Chance	Associate	Capital Markets	New York
Jason Sacks	Clifford Chance	Associate	Tax	New York
Jaime Turcios	Clifford Chance	Associate	Transactional Pool	New York
Michiel Sunderman	Clifford Chance	Partner	Tax	Amsterdam
Tineke Kothe	Clifford Chance	Counsel	Capital Markets	Amsterdam
Nolan Groenland	Clifford Chance	Associate	Tax	Amsterdam
Robin Houtveen	Clifford Chance	Associate	Tax	Amsterdam
Tom Smeele	Clifford Chance	Associate	Banking & Finance	Amsterdam
Marc Mehlen	Clifford Chance	Partner	Banking & Finance	Luxembourg
Geoffrey Scardoni	Clifford Chance	Partner	Tax	Luxembourg
Josselin Badoc	Clifford Chance	Associate	Tax	Luxembourg
Simon Paran	Clifford Chance	Associate	Tax	Luxembourg
Maxime Budzin	Clifford Chance	Associate	Tax	Luxembourg
Eimear O'Dwyer	Clifford Chance	Associate	Banking & Finance	Luxembourg

Stated terms

Stated value: USD 1bn (US$1 billion)
What the figure measures: Issue size
Client: Goldman Sachs and Credit SuisseUnderwriters
Counterparties: Banco Nacional de Panamá (Issuer)
Goldman Sachs and Société Générale (Lenders)