
The capital markets team at Arias, Fábrega & Fábrega acts for major international and local banks, advising on a full range of financial operations, including regulatory aspects of capital markets transactions, bond issuance, and bond programme structuring. The team is recognised for its handling of sophisticated matters with an international dimension, regularly participating in cross-border offerings and high-value transactions. It also assists clients with establishing regulatory frameworks for future listings. Ricardo M Arango, a recognised expert in securities regulation and corporate matters, co-heads the team together with Estif Aparicio, whose experience spans the full spectrum of financing and transactions. The department additionally includes Ana Quijano, who covers debt capital markets, transactional work, cross-border financing and securities regulation, recently promoted partner Cedric Kinschots, whose practice extends to debt offerings and securitisation transactions, including sovereign issuances and high-yield offerings, and Donald Canavaggio, a key name for cross-border banking and capital markets issues across numerous industries.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Billing & efficiency
Client satisfaction: Sector knowledge
Key clients
- Citibank, N.A. / Citigroup Global Markets
- Banco General S.A.
- Global Bank
- BancoLatinoamericano de Comercio Exterior, S.A. (Bladex)
- Inter-American Development Bank (IDB)
- Bank of America Merrill Lynch
- JPMorgan Securities Inc.
- Credit Suisse Securities (USA) LLC
- Deutsche Bank
- The Bank of Nova Scotia / Scotia Capital (USA)
Work highlights
Advised Mobiliare LatAm and its co-issuer, Mobiliare LatAm México in the US$500 million international capital markets debut of Mobiliare LatAm.
Advised BLADEX in its first foreign currency-denominated bond publicly listed on Panama's Stock Exchange (Latinex).
Advised BLADEX in its first hybrid capital instrument (and the second AT1 issuance in Panama).
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.

Donald Canavaggio
Ana Quijano
Practice head
Ricardo M. Arango; Estif Aparicio
Other key lawyers
Ana Quijano; Cedric Kinschots; Donald Canavaggio


