Multiple firms act on CEF’s global medium-term note programme
Demarest advised Caixa Econômica Federal on its global medium-term note programme of up to US$5 billion and on the issuance, offering and sale of US$700 million unsecured and unsubordinated notes pursuant to the Programme with a coupon of 5.625 % (yield: 5.875 %).
Simpson Thacher represented BNP Paribas Securities Corp., Citigroup Global Markets Inc., Santander US Capital Markets LLC, among others as dealers in connection with the offering by Caixa Econômica Federal. The notes were issued under Caixa’s MTN Programme, in reliance on Rule 144A and Regulation S.
Caixa is controlled by the Brazilian Federal Government and is the largest bank in Brazil by customer base and the fourth largest in Latin America in terms of assets. The proceeds of the offering will be used for the financing and/or refinancing, in whole or in part, of existing or future social projects that meet the eligibility criteria described in Caixa’s sustainable financing framework.
Demarest relied on partner Luiz Felipe Eustaquio (pictured left), associates Isabela Bernacchio, Luisa Beatriz da Silva.
Simpson Thacher relied on partners Paulo F. Cardoso (pictured right), Grenfel S. Calheiros and Jonathan E. Cantor, associates Raissa Fini and Isabela Cruz Sanchez Porto; Clare Gaskell, Deborah Harris and Sean Macdonald.
Cescon Barrieu acted as Brazilian legal counsel to the underwriters and relied on partners Amanda Sobreira Areas, associates João Felipe Rocha, Paulo Velozo, Stella Cunha and Anna Beatriz Souza.
Hogan Lovells US LLP and Hogan Lovells International LLP were also involved at this transaction.
