Firm Represents Initial Purchasers in Senior Notes Offering by Banco de Bogotá
08.07.17
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The Firm recently represented Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as initial purchasers in connection with the issuance of US$600 million of 4.375% Senior Notes due 2027 by Banco de Bogotá S.A. The notes offering was conducted in reliance on Rule 144A and Regulation S under the U.S. Securities Act of 1933.
Banco de Bogotá is the oldest financial institution in Colombia, with more than 140 years of operating history and is currently the second largest bank in Colombia by market share of deposits. Banco de Bogotá is a subsidiary of Grupo Aval Acciones y Valores S.A., Colombia’s largest banking group by total assets.
The Simpson Thacher team for the transaction included Jaime Mercado, Juan M. Naveira, Joshua Bernard and Mariano Pero (Capital Markets); and Jonathan Cantor and Jasmine Hay (Tax). Summer Associate Adriana Estor provided valuable assistance.