NEW YORK, March 12, 2015 – Milbank, Tweed, Hadley & McCloy LLP represents the initial purchasers Deutsche Bank Securities and HSBC in the $1 billion offering of 7.158% Notes due 2045 by the Republic of Costa Rica.
The proceeds from the issuance and sale of the notes will be used by the Republic for the refinancing of domestic and external indebtedness of Costa Rica. Costa Rica is geographically located in Central America, bordered by Nicaragua to the north, Panama to the southeast, the Pacific Ocean to the west.
The Milbank team was led by Global Securities partner Marcelo Mottesi and included associates Richard Mo and Mojdeh Pourmahram; Tax partner Andrew Walker and associate Lysondra Elysia Ludwig.
