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A&O Shearman counsels initial purchaser on the Republic of Guatemala’s USD1.5 billion bond offering

A&O Shearman counsels initial purchaser on the Republic of Guatemala’s USD1.5 billion bond offering
A&O Shearman successfully guided the initial purchaser in connection with the Republic of Guatemala’s Rule 144A and Regulation S offering of USD800 million 6.250% notes due 2036, and USD700m 6.875% notes due 2055.
The Republic of Guatemala intends to use the net proceeds from the sale of the notes for general budgetary purposes, including to refinance public indebtedness.

“We’re pleased with the outcome of the transaction, which once again demonstrates our ability to advise our clients on their most significant and complex financing needs”

Earlier this year, A&O Shearman advised the initial purchasers in connection with a USD1.067bn bond offering by the Commonwealth of The Bahamas, a USD1.5bn bond offering by the Republic of Uruguay; the Republic of Chile in connection with EUR3.0bn and USD1.6bn bond offerings and exchange offer; and the Province of Cordoba in connection with a USD725m bond offering and cash tender offer.

The A&O Shearman team was led by New York-based Capital Markets partner Alejandro Gordano and included Capital Markets visiting attorneys Moises Gonzalez and Regina Odar; Tax partner Lorenz Haselberger; and Tax associate Daniel Kachmar.

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