News & Events

The Firm recently represented Bank of America Securities LLC, Banco Bradesco S.A. – Grand Cayman Branch, HSBC Securities (USA) Inc. and J.P. Morgan Securities Inc., as initial purchasers in connection with a US$612 million offering of 5.50% Notes due 2020 issued by BM&FBOVESPA S.A. – Bolsa de Valores, Mercadorias e Futuros. BM&FBOVESPA is one of the largest securities exchanges in the world in terms of market value and the second largest in the Americas.

The net proceeds of the offering will be used to increase BM&FBOVESPA’s equity participation in the Chicago Mercantile Exchange – CME Group and for general corporate purposes. BM&FBOVESPA has a strategic partnership with the CME Group to, among other things, pursue strategic investments and commercial opportunities and to jointly develop a multi-asset class trading platform.

The Simpson Thacher team for this transaction included Jaime Mercado, Thiago Spercel and Gustavo Pinto, (Capital Markets – São Paulo); Jonathan Cantor and Amie Broder (Tax); Andrew Pagliughi (Blue Sky); and Lisa Wallis (Law Clerk – São Paulo).