Arnold & Porter Kaye Scholer Advises Issuers and Underwriters on Recent Latin America & Middle East Sovereign Bond Offerings
Arnold & Porter Kaye Scholer LLP acted as counsel to the Republic of Honduras on all aspects of its $700M 10-year sovereign bond issue, which closed in January 2017. The legal team for the Honduran transaction included Whitney Debevoise, Arturo Caraballo, Mateo Morris, and Ricardo Balestra. In addition, Cynthia Mann and Joel Deuth provided tax advice. It was the fifth such sovereign bond issuance to close under the guidance of the firm's lawyers in recent weeks.
Also in January, Arnold & Porter Kaye Scholer represented the Republic of Colombia on all aspects of its dual-tranche $2.5 billion issuance of ten and thirty year Notes. The firm's legal team for the Colombian government included Neil Goodman, Carlos Pelaez, and Mateo Morris.
In addition, the firm recently served as issuer's counsel in connection with the Republic of Turkey's $2 billion public offering of notes due in 2045. That legal team included Steven G. Tepper, Deidrie Stone, and Jennifer Wilkins.
Finally, Arnold & Porter Kaye Scholer served as underwriters' counsel for a consortium of three banks in connection with a $1 billion US-guaranteed bond issued by Iraq. The firm's legal team in that matter included Steven G. Tepper, Marianna Shelenkova and Peter Torstensen. The firm has handled similar US-guaranteed offerings as either issuer's or underwriters' counsel for Israel, Tunisia, Ukraine, and Jordan.
Arnold & Porter Kaye Scholer has an extensive history of advising sovereigns in financial transactions and securities offerings. It has been active representing the ministries of finance and central banks of many nations since well before the original debt crisis of the 1980s. It has been involved in numerous financial transactions on behalf of sovereigns throughout Latin America, the Caribbean, Europe, Africa, and Asia. Among its sovereign clients are Brazil, Colombia, Costa Rica, El Salvador, Honduras, Hungary, Israel, Nigeria, Tunisia, Panama, and Venezuela. The firm has also represented and advised a number of the world's most prominent multilateral financial institutions, including the World Bank, the Inter-American Development Bank, the International Finance Corporation, OPIC, the European Bank for Reconstruction and Development, and the Bank for International Settlements, in significant financial transactions and other novel legal assignments.