Mayer Brown, a leading global law firm, advised the Panama-based Global Bank Corporation as borrower in a Rule 144A/Regulation S offering of $200 million covered bonds under a $500 million residential mortgage covered bond program guaranteed by a pool of assets transferred to a guaranty trust. The transaction marks Latin America’s first-ever covered bond deal. Deutsche Bank and HSBC served as underwriters.
The Mayer Brown team included: Banking & Finance – partners Doug Doetsch (Chicago) and Chris Gavin (New York), and associate Juan Pablo Moreno (Chicago); and Corporate & Securities – partner David Bakst (New York).
