Market: Colombia

Colombia's largest private company issuance

Colombian brewer Bavaria has continued in its bid to become the country’s largest multinational by issuing US$300 million worth of bonds - the largest issuance by a private company in Colombian history.

24 May 2002

Credit Suisse loans US$25 million to Colombian coffee growers

The Federación Nacional de Cafeteros de Colombia (Fedecafé) has received a US$25 million loan from Credit Suisse First Boston International, which is acting as the initial lender, agent and collateral agent in the deal. Several other local and foreign financial institutions are acting as additional lenders.

24 May 2002

Freshfields launches US antitrust practice

Paul Yde and M J Moltenbrey have become partners of Freshfields Bruckhaus Deringer LLP and will launch a US antitrust practice in Washington DC. Joining them will be Alan Ryan, a competition partner who is relocating from the firm’s Brussels office.

24 May 2002

Winston & Strawn lawyer sets up on own

Thomas Vega-Byrnes has left Winston & Strawn and has set up his own solo practice, Thomas Vega-Byrnes LLC. He will continue to work in international power projects and will build upon established relationships with commercial, government and multilateral lenders, equipment suppliers and contractors.

24 May 2002

Parra, Rodrí­guez & Cavelier gains new litigation specialist

The litigation department of Colombian law firm Parra, Rodríguez & Cavelier has expanded with addition of Marcela Mayorga.

24 May 2002

Foreigners can sue in US courts

A case brought against the Ford Motor Co and Bridgestone/Firestone Inc by over 100 Venezuelan and Colombian plaintiffs has set a precedent in American and global law.

17 May 2002

Housing finance services breakthrough in Colombia

Titularizadora Colombiana SA (Hitos), Colombia’s first secondary mortgage market company, has made a mortgage-backed securities (MBS) issue worth US$212 million. The issue also consists of a senior class of bonds, in three tranches of varying maturities and a subordinated class of bonds.

17 May 2002

US$95-million credit agreement for Colombian telecoms firm

Empresa de Telecomunicaciones de Bogotá SA ESP (ETB) has won two credit agreements worth a total of US$95 million, thanks to loans from several local and foreign financial institutions.

17 May 2002

IFC issues US$100 million of Peso-denominated bonds in Colombia

World Bank Group member the International Finance Corporation (IFC) has issued fixed-rate peso-denominated bonds in Colombia with a principal amount of COP$225 billion (approx US$98.9 million). The bonds were issued in one series with annual interest payments and principal redemption in a single bullet payment due 2007.

03 May 2002

Oil giants win again in Colombia

Zuleta, Garrido, Araque, Suarez & Jaramillo has successfully represented British Petroleum, Triton, Total and the Colombian State-owned oil company Ecopetrol in two separate mass claims based on environmental arguments which could have resulted in the closure of Colombia’s largest oil-producing field. In a second and final instance decision in March, the Council of State of Colombia ruled in favour of the defendants in both claims.

19 April 2002

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