Arnold & Porter recently advised the Republic of Colombia and the Republic of Panama on high-profile sovereign finance deals, kicking off each country's funding program for 2021.
Arnold & Porter advised the Republic of Colombia on its issuance of $1,539,952,000 of its 3.125% Global Bonds due 2031 and $1,300,000,000 of its 3.875% Global Bonds due 2061. The bond offering was executed concurrently with a tender offer to purchase the Republic's outstanding 4.375% Global Bonds due 2021, 4.000% Global Bonds due 2024, 4.500% Global Bonds due 2026, and 3.875% Global Bonds due 2027. The transactions closed on January 22, 2021. The firm has advised Colombia for almost two decades and had most recently advised Colombia on its $2.5 billion Global Bond issuance.
Arnold & Porter advised the Republic of Panama on its offering of $1.25 billion of its 2.252% Global Bonds due 2032 and its $1.2 billion offering of its 3.870% Global Bonds due 2060. The transactions closed on January 27, 2021. The firm has represented Panama with respect to all of its sovereign issuances since the early 1990s, when the firm advised on a bond exchange and subsequent Brady restructuring. Most recently, the firm had advised Panama on a three-part $2.575 billion deal.
The Arnold & Porter team for Colombia was led by senior counsel Neil Goodman and included partner Gregory Harrington, counsel Carlos Pelaez, and associates Mateo Morris and Valentina Garzon. The Tax team included David Sausen and Reuven Graber.
The Arnold & Porter team for Panama was led by partner Whitney Debevoise and included partner Gregory Harrington, counsel Carlos Pelaez, and associates Mateo Morris and Valentina Garzon. The Tax team included partner David Sausen and associate Anna Parnes.