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A&O Shearman advises banks on COFIDE’s bond offering and abbreviated cash tender offer

A&O Shearman advises banks on COFIDE’s bond offering and abbreviated cash tender offer
Published Date
May 7 2025

We advised the initial purchasers and dealer managers in connection with Corporación Financiera de Desarrollo S.A.’s (COFIDE) offering of USD400 million 5.500% Notes due 2030 and abbreviated cash tender offer for any and all of its 4.750% Notes due 2025. Both transactions closed on May 6, 2025, and represent COFIDE’s first sustainability bond offering.

COFIDE plans to allocate an amount equal to the net proceeds from the bond offering to finance or refinance one or more new or existing eligible projects pursuant to its Thematic Bond Framework. COFIDE is a state-owned development bank established in 1971 by the government of Peru, and a key participant in Peru’s economic and social development programs.

The A&O Shearman team was led by partner Alejandro A. Gordano alongside visiting attorneys Moises Gonzalez Arroyo and Regina Odar, tax partner Lorenz Haselberger and tax associates Daniel Kachmar and Amirah Loury.

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