S&C Advises Underwriters in Historic Debt Offerings from Colombia and Mexico

May 12, 2021

The Republic of Colombia closed its largest-ever international bond offering on April 22, raising $3 billion in a two-part deal that was 3.4 times oversubscribed.
 
On April 14, the United Mexican States issued $3.2 billion in debt. In connection with the offering, the United Mexican States launched a one-day cash/switch tender offer for certain of its outstanding notes. Both notes offerings are listed on the Luxembourg Stock Exchange and admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange.
 
S&C, which acts as regular underwriters' counsel to Colombia and Mexico, represented BofA Securities, Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC as joint lead underwriters in the Colombia offering, and BBVA Securities Inc., BofA Securities, Inc., Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC as joint lead underwriters and dealer managers in the Mexico offering.
 
The S&C team advising on the Colombia transaction included Chris Mann, Joaquin Perez Alati, Keith Pulling, Berin Senné and Alice Billmire. Jeff Hochberg and HK Kim advised on U.S. tax matters. Esther Jeapes, Kirsten Rodger and Catherine McLaughlin in London advised on UK/EEA matters.
 
The S&C team advising on the Mexico transaction included Chris Mann, Joaquin Perez Alati, Alessandra Corona Henriques and Sebastián Melero. Jeff Hochberg and Anna Erickson advised on U.S. tax matters. Kirsten Rodger and Catherine McLaughlin in London advised on UK/EAA matters.