The Republic of Colombia closed a $3.8 billion SEC-registered offering of global bonds, consisting of its 7.375% bonds due 2030 and its 8.5% bonds due 2035. The global bonds are listed on the Luxembourg Stock Exchange and admitted for trading on its Euro MTF Market and on the London Stock Exchange.
Concurrently with the offering, Colombia completed a one-day cash tender offer for certain of its outstanding bonds.
S&C, which acts as regular underwriters’ counsel in offerings by Colombia, including last year’s $3.6 billion global bond offering, represented BNP Paribas Securities, Goldman Sachs & Co. and Scotia Capital (USA), as joint lead underwriters and joint dealer managers.
The S&C team working on the transaction consisted of Chris Mann and Alan Fishman. Jeff Hochberg advised on tax matters. Kirsten Rodger advised on UK/EEA matters.