Quijano & Associates advised Fideicomiso de Bonos Azules BDA on the first issuance of the Blue Bonds Revolving Program for up to US$50 million, its registration with the Superintendence of the Securities Market and its further listing at the Latin American Stock Exchange (Latinex).

Banco del Austro, S.A., with more than forty years of banking experience in Ecuador, supports and guarantees this issuance, underscoring its commitment to sustainability and responsible economic development.

Green Capital Partners and Mercantil Servicios Financieros Internacionales played key roles as co-structurers of the issue.

Mercantil Servicios de Inversión acted as Paying, Registry and Transfer Agent and Stock Broker, ensuring efficiency at every stage of this historic issuance.

PROFILEGAL Abogados, as legal advisors in Ecuador for Banco del Austro and Fideicomiso de Bonos Azules BDA during the issuance process.

The Blue Bonds have a Pa AA rating from Pacific Credit Ratings and a second opinion report issued by Pacific Corporate Sustainability (PCS).

Blue Bonds issuances have as a fundamental objective the preservation of the oceans and marine ecosystems, as well as the implementation of infrastructures for water treatment and management, and the conservation of marine biodiversity.

Quijano & Associates is proud to have contributed to a crucial milestone in the evolution of the stock market in Panama and the region.

Our partner Oliver Muñoz, together with our senior associate Luis Miguel Rojer, were in charge of this transaction.