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Clifford Chance LLP - News

Conference coverage

São Paulo completes Sabesp global offering
São Paulo completes Sabesp global offering

São Paulo completes Sabesp global offering

21 January 2005

The State of São Paulo and its holding company Companhia Paulista de Parcerias (CPP) have concluded a global offering of 5.3 billion common shares in waste management company Companhia de Saneamento Básico do Estado de São Paulo (Sabesp), raising a total of US$242 million. The transaction closed on November 10.

Clifford Chance appoints former Argentine government lawyer to its international arbitration practice
Clifford Chance appoints former Argentine government lawyer to its international arbitration practice

Clifford Chance appoints former Argentine government lawyer to its international arbitration practice

23 July 2004

Arbitration specialist and former Argentine government lawyer Carlos Ignacio Suarez Anzorena has joined Clifford Chance LLP’s London arbitration group. The move was announced on July 15.

CCR completes first issuance under new CVM rule
CCR completes first issuance under new CVM rule

CCR completes first issuance under new CVM rule

11 June 2004

Brazilian toll road concessionaire Companhia de Concessões Rodoviárias (CCR) has successfully completed a primary offer of common shares in Brazil, including sales efforts in the US to qualified institutional investors, for a total value of R$375 million (US$120 million). The offer started on April 27 and ended on May 19.

Colombia swaps debt for trees
Colombia swaps debt for trees

Colombia swaps debt for trees

04 June 2004

Following a similar deal closed by Panama last year, The Republic of Colombia has completed a debt for nature swap with the US government, raising over US$10 million for local conservation efforts. The transaction closed on April 23.

ABN completes further issuance under MTN programme
ABN completes further issuance under MTN programme

ABN completes further issuance under MTN programme

30 January 2004

Brazil’s Banco ABN Amro Real SA, through its Grand Cayman branch, has issued US$100 million of 4.5 per cent notes, due December 19, 2006, under its US$1 billion medium term notes programme. The transaction closed on December 19.

New issuance for ABN in Brazil
New issuance for ABN in Brazil

New issuance for ABN in Brazil

19 December 2003

Brazil’s Banco ABN Amro Real SA, through its Grand Cayman Branch, has issued US$200 million of 3.75 per cent notes, due December 1, 2005, under its US$1 billion medium term note programme. The transaction closed on December 1.

Ipiranga completed note issuance to pay off short-term debt
Ipiranga completed note issuance to pay off short-term debt

Ipiranga completed note issuance to pay off short-term debt

12 September 2003

Following July’s debt restructuring completed by its petrochemical subsidiary Ipiranga Petroquímica (IP), Brazilian industrial conglomerate Companhia Brasileira de Petróleo Ipiranga (CBPI) has issued US$135 million of step-up notes. The transaction closed on August 1.

CVRD vehicle issues unsecured notes
CVRD vehicle issues unsecured notes

CVRD vehicle issues unsecured notes

29 August 2003

A wholly-owned subsidiary of Brazilian mining giant Companhia Vale do Rio Doce (CVRD), Vale Overseas Ltd (VOL), has issued US$300 million of 9 per cent guaranteed notes, due 2013. The transaction closed on August 8.

Brasil Telecom in bargain basement shopping spree
Brasil Telecom in bargain basement shopping spree

Brasil Telecom in bargain basement shopping spree

28 March 2003

Brasil Telecom SA (BT) has reached an agreement to acquire the Brazilian operations of Latin American telecommunications provider MetroRED Telecom Group Ltd (MTG), initially purchasing 19.9 per cent of the capital of MTH do Brasil Ltda (MDB) for approximately US$17 million. BT has also purchased an option to acquire the remaining 80.1 per cent of MDB for US$68 million. The agreement was signed on February 17 and the initial purchase was closed on February 19.