A landmark transaction for the Republic of Honduras, aimed at liability management and the financing of general budgetary needs.
BLP acted as legal counsel to Citigroup Global Markets Inc. and Santander US Capital Markets LLC, in their capacity as initial purchasers, in connection with an international sovereign bond offering by the Republic of Honduras in the aggregate principal amount of US$815.067 million, with a ten-year maturity and an interest rate of 6.4%. The landmark transaction was undertaken to support the Republic’s liability management strategy and to finance general budgetary needs.
BLP provided comprehensive advice on all Honduran law aspects of the transaction, including:
- //The review of the offering structure and the applicable governmental and legislative approvals.
- //The conduct of the due diligence process.
- //The review and negotiation of the transaction documentation.
- //The analysis of the applicable regulatory, legal, and public debt framework.
- //The issuance of the legal opinion required for the closing of the transaction.
The transaction was led by partner José Miguel Álvarez, with the support of Ivis Alvarado, Senior Associate, and Alí Ordóñez, Associate.
