Clifford Chance advises on the issuance by Banco Votorantim
Clifford Chance has advised Brazil’s Banco Votorantim (BV), acting through its newly established Luxembourg branch, on its inaugural issuance of US$500 million 5.875% senior notes due 2028.
The notes, listed on the Global Exchange Market of Euronext Dublin, were issued under BV’s US$5 billion Global Medium Term Note Programme.
The initial purchasers of the bonds were BofA Securities, Bradesco BBI, Citigroup, Itaú BBA, J.P. Morgan, Morgan Stanley, and UBS Investment Bank. The offering included two tranches: a Rule 144A and a Regulation S under the US Securities Act.
The cross-border deal was led out of São Paulo by counsel Anja Pfleger Andrade (pictured), who was supported by associate Pedro Henrique Menegat and intern João Eduardo de Godoy Pereira. The deal team also included partner Christian Kremer, counsel Maxime Budzin, associate Federica Gamen, and trainees Victor Hilbertz and Dominik Schlarb in Luxembourg, and partner Avrohom Gelber and associate Rick Thoben in New York.
