Panama Metro Line 2 Extension’s Securitization And Bond Private Placement

Norton Rose Fulbright represented UBS Securities LLC on the deal.

UBS Securities LLC acted as placement agent, and the note purchasers in connection with a securitization of Panamanian government-backed payment rights known as “CDNOs” and a private placement bond issuance for the extension of Line 2 Panama Metro. The sponsor team consisted of a consortium including FCC Construcción S.A. and CNO S.A.

The section 4(a)(2) Securities Act private placement bond financing involved a securitization of CDNOs and will be used to finance the development and construction of the extension of Line 2 of the Panama Metro.

Daniel Spencer (Picture – São Paulo) led the Norton Rose Fulbright deal team, which also included Caspar Davey and Cameron Royse (São Paulo); and Patrick Dolan and Manny Rivera (New York).

Involved fees earner: Caspar Davey – Norton Rose Fulbright; Patrick Dolan – Norton Rose Fulbright; Manny Rivera – Norton Rose Fulbright; Cameron Royse – Norton Rose Fulbright; Daniel Spencer – Norton Rose Fulbright;

Law Firms: Norton Rose Fulbright;

Clients: UBS Securities LLC;

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