July 27, 2021

Milbank Advises on Two Landmark Latin American Bond Offerings

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Milbank LLP recently advised on two landmark bond offerings in Paraguay and Peru.

Details on Milbank’s recent transactions include:

  • Representing the initial purchasers in the Rule 144A / Reg S offering of $300 million 7.700% senior notes due 2028 by Frigorífico Concepción S.A., a leading beef processing company in Paraguay, and in their concurrent cash tender offer and consent solicitation.

The deal team included Marcelo Mottesi, Andres Osornio, Maria Velasco, Alessandra Rosales, Marcela Barba, and Jasmine Khaneja, Andrew Walker and Benjamin Heller.

  • Representing Compañía de Minas Buenaventura S.A.A., a Peruvian mining company, in its inaugural Rule 144A / Reg S offering of US$550 million 5.500% Notes due 2026.

The deal team included Marcelo Mottesi, Gonzalo Guitart, Jesus Narvaez, Alessandra Rosales, Javier El-Hage, Andrew Walker and Benjamin Heller.

Marcelo Mottesi, Chair of the firm’s Global Capital Markets Group and co-head of Milbank’s Latin America Practice Group, said, “We are very pleased to have advised on the first post-election transaction out of Peru and one of the largest capital markets transactions ever out of Paraguay.”