Clifford Chance represents on CEL’s notes issuance, guaranteed by the Republic of El Salvador
Clifford Chance has counseled BofA Securities, as initial purchaser, on the offering and issuance by the Comisión Ejecutiva Hidroeléctrica del Río Lempa (CEL) of US$580 million in aggregate principal amount of 8.650% Notes due 2033. The Notes are guaranteed by the Republic of El Salvador.
CEL, a public autonomous entity of the Republic of El Salvador, is responsible for developing and managing the nation’s energy resources. The company plays a central role in advancing renewable energy initiatives, with a strong focus on hydroelectric power generation.
Clifford Chance’s team was led by partner Hugo Triaca (pictured) along with associates Joyce Moore, Alexandra Machado and Agata Radajczyk, and foreign lawyer Juan Andrés Bosch.
