Four of the Firm’s Latin American transactions in 2015 have been honored with “Deal of the Year” by LatinFinance:
Initial Purchasers in US$2.5 Billion Sovereign Debt Offering for The Dominican Republic
This offering was awarded “Sovereign Liability Management of the Year” of 2015. Simpson Thacher represented the initial purchasers Merrill Lynch, Pierce, Fenner & Smith, Incorporated and J.P. Morgan Securities LLC, in connection with a sovereign debt offering by the Dominican Republic of US$1.0 billion of 5.500% Bonds due 2025 and US$1.5 billion of 6.850% Bonds due 2045. To read more about this transaction, please click here (subscription required).
BRF S.A. Completes €500 Million “Green Bonds” Offering
This offering was awarded “Corporate Liability Management of the Year” of 2015. According to LatinFinance, “For the timing of the issue, the rarity of the green bond structure and the importance of the refinancing that followed the issue, BRF wins LatinFinance’s Corporate Liability Management of the Year.” Simpson Thacher represented Brazilian food producer BRF S.A. in this offering. To read more about this transaction, please click here (subscription required).
Telefonica Brasil's US$5.5 Billion Equity Offering
This offering was awarded “Equity Follow-On of the Year” of 2015. Simpson Thacher represented the underwriters, by Itau BBA USA Securities, Inc., Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Santander Investment Securities Inc., in connection with the global offering of preferred shares of Telefonica Brasil, including preferred shares in the form of ADSs. To read more about this transaction, please click here (subscription required).
Republic of Peru Completes Global Bond Offering
This offering was awarded, “Local Currency of the Year” of 2015. The Firm represented the Republic of Peru in connection with the issuance and sale of US$1,250 million 4.125% U.S. Dollar-Denominated Global Bonds due 2027 in an SEC-registered offering underwritten by Citigroup Global Markets Inc. and J.P. Morgan Securities LLC. This transaction was the first bond offering undertaken by the Republic of Peru utilizing the “collective action clauses” recently recommended by the International Monetary Fund, and according to LatinFinance, “Peru appears to be more successfully navigating the economic downturn than the rest of the region.” To read more about this transaction, please click here (subscription required).