ARIFA advises AV Sec on first public issuance of commercial paper in Panama
Panamanian law firm Arias Fábrega & Fábrega has advised AV Securities in relation to the first public issuance of green commercial paper in Panama’s history by BG Metal Trade.
This transaction marks the first public offering of registered securities by a recycling company in the Latin American region.
The commercial papers were offered and placed through the Bolsa Latinoamericana de Valores in Panama. In addition, Pacific Corporate Sustainability (PCS) qualified the issue as a green issue.
BG Metal Trade is an urban mining company based in the province of Colon, Panama, that recycles telephone and other electronic equipment from all over Latin America and resells its components and minerals to companies located around the world.
ARIFA’s team was led by partners Estif Aparicio (pictured left) and Javier Yap Endara (pictured centre), assisted by associate Daniel Abad (pictured right).
