Greenberg Traurig Guides FICOHSA through Groundbreaking $100M Securitization in Honduras
Innovative Financial Milestone in Honduras
In a landmark move, #FICOHSA, the financial institution of Honduras, successfully launched its inaugural future flow securitization program valued at $100 million, thanks to the expert guidance of the renowned global law firm, Greenberg Traurig, LLP. This groundbreaking initiative marks the first of its kind in Honduras and is expected to expand access to financial capital significantly.
Structuring the Program
Greenberg Traurig's Miami office played an essential role in structuring this merchant voucher receivable (MVR) future flow securitization program. Led by Corporate shareholder Oscar Stephens, who specializes in Latin America practice, the team successfully organized the issuance of the Series 2025-1 Loans through a special purpose vehicle (SPV)—Honduras Merchant Voucher Receivables Limited. The program drew interest from multiple institutional investors throughout the Americas, led by Banco Santander, S.A.
Oscar Stephens expressed pride in partnering with FICOHSA on what he referred to as a landmark initiative. He noted that facilitating access to capital across Latin America is a vital aspect of their practice, highlighting the trust FICOHSA placed in their expertise. He stated, "This is just an example of our deep experience in advising clients on future flow securitization programs.”
Joining Stephens in this substantial transaction were law clerks Daniel Albarran Garcia and Diego Sasias Arroyo, both contributing significant legal knowledge and expertise to ensure a smooth execution of the groundbreaking securitization.
About FICOHSA
Founded in 1994, Banco Financiera Comercial Hondureña, S.A. (FICOHSA) operates a comprehensive network of branches and service channels, catering to the needs of individuals, small businesses, and large corporations. Its main office is strategically based in Tegucigalpa, Honduras.
The bank is dedicated to fostering economic growth in Honduras and demonstrating a commitment to delivering innovative financial solutions. With this new securitization program, FICOHSA aims to enhance its financial capability to serve a larger segment of the market, invigorating the local economy,
Greenberg Traurig's Global Reach
Greenberg Traurig is notably recognized for having over 3,000 attorneys across 51 locations globally, including the United States, Europe, Latin America, the Middle East, and Asia. The firm's versatility across different legal domains enables them to provide strategic legal services that transcend borders and industries.
The firm has gained an impressive reputation, recently recognized as a 2025 BTI "Best of the Best Recommended Law Firm" by general counsel for excellence in trust and relationship management. The firm's commitment to philanthropy, innovation, and pro bono work further showcases its standing in the global legal community.
In conclusion, the successful structuring of this securitization program serves as a significant financial leap not just for FICOHSA, but also for the financial landscape of Honduras as a whole. Greenberg Traurig continues to establish itself as a key player in facilitating vital financial transactions across the region, reinforcing its role as a trusted partner in expanding economic growth and capital accessibility.
For more information about Greenberg Traurig and their services, please visit www.gtlaw.com.
Topics Financial Services & Investing）
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