Vouga Abogados acted as special legal counsel in Paraguay for J.P. Morgan Securities LLC and Santander Investment Securities INC, as initial purchasers, in the issuance of senior bonds of Banco Continental S.A.E.C.A., in the international market, in the amount of US$300 million at a rate of 2.750% per annum maturing in 2025.
The issuance was made in the international market under Rule 144A and Regulation S of the U.S. securities laws. This issue is the first international issue of bonds classified as “sustainable” by a Paraguayan issuer.
The firm performed an extensive due diligence on the issuer's operations and reviewed the transaction documentation on matters related to local law.
For more information regarding this transaction or other issues related to Banking & Finance, please contact Carlos Vouga (cvouga@vouga.com.py), Cynthia Fatecha (cfatecha@vouga.com.py) or Georg Birbaumer (gbirbaumer@vouga.com.py) who participated in this transaction.
