Simpson Thacher Represents Initial Purchasers in $800 Million Notes Offerings by COFIDE
07.22.15
This is only gets display when printing
The Firm represented Citibank, Morgan Stanley and Standard Chartered Bank, as initial purchasers, in connection with offerings by Corporación Financiera de Desarrollo S.A. (COFIDE) of US$200 million of 3.25% Notes due 2019 and US$600 million of 4.75% Notes due 2025. The offerings were conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933.
COFIDE is a development bank owned by the government of Peru, focused on financing Peru’s economic and social development programs, particularly micro and small enterprise lending sector as well as infrastructure and environmental projects. The net proceeds from the offerings are expected to be used for general business purposes, including to fund COFIDE’s extension of new loans.
The Simpson Thacher team included Juan Francisco Méndez, Luis Pellerano and Diego Kexel (Capital Markets); and Jonathan Cantor and Jodi Sackel (Tax). Summer associate Ashleigh Taylor also provided valuable assistance.