Banistmo S.A. Completes Debut International Offering

September 19, 2017

S&C client Banistmo S.A. completed its debut international offering, a Rule 144A / Reg S offering of $500 million aggregate principal amount of its 3.650% senior notes due 2022. Banistmo is the second-largest privately owned financial institution in Panama and is a wholly owned subsidiary of S&C client Bancolombia S.A. S&C advised Bancolombia on its acquisition of Banistmo from HSBC in 2013.

The S&C team representing Banistmo S.A. was led by Robert Risoleo, along with Mark Ma, Laura Duncan and Joaquin Perez Alati, with Slki Hong advising on tax matters.