Topic: Sovereign finance

Brazil raises US$2.5 billion in sovereign re-tap

Cleary Gottlieb Steen & Hamilton LLP in New York and São Paulo has helped the Republic of Brazil make a US$2.5 billion debt tap by re-opening previously issued bonds.

04 January 2021

Familiar firms return for third Dominican sovereign debt tap of the year

Cleary Gottlieb Steen & Hamilton LLP in São Paulo and New York has helped the Dominican Republic with a bond issuance and tender offer worth US$2.5 billion, marking the country’s third sovereign debt offering in 2020.

18 December 2020

Mexico raises US$6.6 billion in sovereign debt tap

Cleary Gottlieb Steen & Hamilton LLP in New York has helped the Republic of Mexico make a sovereign debt tap worth US$6.6 billion

10 December 2020

Chile issues landmark sovereign social bonds

Three Cleary Gottlieb Steen & Hamilton LLP offices and Morales & Besa in Santiago have helped the Republic of Chile raise US$2.1 billion in its first social bond issuance, the proceeds of which it will use to partly fund the country’s covid-19 efforts.

27 November 2020

Chile makes US$2 billion sovereign debt tap to fund covid-19 relief efforts

Cleary Gottlieb Steen & Hamilton LLP offices in Buenos Aires and New York and Morales & Besa in Santiago have helped the Republic of Chile issue bonds worth a total of US$2 billion in two separate US dollar and euro-denominated tranches.

01 June 2020

Guatemala makes landmark social bonds issuance to fight covid-19

Simpson Thacher & Bartlett LLP in New York and Cuestas.PPQ Abogados in Guatemala City have helped the Republic of Guatemala issue sovereign bonds worth US$1.2 billion, including social bonds for US$500 million to fund the government’s response to the covid-19 pandemic.

21 May 2020

Are social bonds the answer to Latin America’s liquidity needs?

Featured in Covid-19: reporting on a crisis

Social bonds allocated to environmental, social and governance (ESG) assets were a relatively new phenomenon in Latin America prior to the covid-19 crisis. But as states, quasi-sovereigns and corporates scramble to shore up their finances in the wake of the pandemic, social bonds could present a much-needed source of liquidity. New York-based Linklaters counsel Alejandro Gordano weighs up the pros and cons of the novel financing instrument.

27 April 2020

Ecuador first to issue sovereign social bonds

Three Hogan Lovells LLP offices have helped Ecuador become the world’s first country to issue sovereign social bonds, worth US$400 million, which it will use to fund its nationwide social housing project.

05 February 2020

Peru continues offering sovereign bonds in local currency

Simpson Thacher & Bartlett LLP’s New York office and Estudio Echecopar member firm of Baker McKenzie International in Lima have helped the Republic of Peru issue bonds worth 10.4 billion soles (US$3.1 billion) in what was 2018’s largest sovereign issuance in local currency by any emerging economy.

04 January 2019

Simpson Thacher, Shearman and Consortium structure Guatemalan sovereign issuance

The New York office of Simpson Thacher & Bartlett LLP has helped the Republic of Guatemala issue sovereign notes worth US$700 million.

10 May 2016

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