The Federative Republic of Brazil completed an SEC-registered offering of $2.5 billion of its 6.625% global bonds due 2035. The bonds are listed on the London Stock Exchange and admitted for trading on the London Stock Exchange’s International Securities Market.
S&C, which has acted as regular underwriters’ counsel in offerings by Brazil since 1994, including its 2023 inaugural $2 billion sustainable bond offering and 2024 subsequent $2 billion sustainable bond offering, represented Banco Bradesco BBI, J.P. Morgan Securities and Morgan Stanley & Co. as the joint underwriters of the offering.
The S&C team for the transaction included Chris Mann, Alan Fishman and Renata Mascarenhas. Jeff Hochberg advised on tax matters. Kirsten Rodger and trainee solicitor Jenna Park advised on UK/EEA matters.