Pinheiro Neto assists underwriters on Brazilian Federal bonds issuance
Pinheiro Neto Advogados has steered a bank consortium managing the operation as to matters of Brazilian law
Pinheiro Neto assisted as Brazilian counsel to Citigroup Global Markets Inc.; Santander Investment Securities, Inc.; and Scotia Capital (USA) Inc. as underwriters of the issuance, as to matters of Brazilian law.
The Federative Republic of Brazil issued global bonds with three different maturities: 2025 Global Bonds: June 6, 2025; 2030 Global Bonds: June 12, 2030; 2050 Global Bonds: January 14, 2050. The amount of each series is 2025 Global Bonds: $500 million; 2030 Global Bonds: $1250 million; and 2050 Global Bonds: $750 million—a total value of $2.5 billion.
Pinheiro Neto Advogados assisted in the coordination of the transaction and prepared an opinion concerning the validity of the transaction documents.
Pinheiro Neto team was led by partner Fernando J. Prado Ferreira (pictured); and involved associate João Pedro Ribeiro Taveira, and legal assistant Leonardo Duarte Moreira.
Cleary Gottlieb Steen & Hamilton, acting as counsel for the Federal Republic of Brazil for U.S. matters, has assisted in the coordination of the transaction and prepared an opinion about the validity of the transaction documents, with lawyers Nicolas Grabar, Juan G. Giráldez, M. Rita Sobral, Silvia Fittipaldi, Eric Finkelberg, and Rosane Carmona.
Sullivan & Cromwell LLP acted as counsel for the underwriters for U.S. matters, and assisted in the coordination of the transaction and prepared an opinion concerning the validity of the transaction documents with lawyers Christopher L. Mann, Werner F. Ahlers, Paul J. McElroy, Renata Mascarenhas, Senastián Melero, Kethan T. Dahlberg, Jeffrey D. Hochberg, and Hyunsup Kim.
