Arnold & Porter Advises Brazil on US$2.75 Billion Bond Issue

Arnold & Porter has advised the Federative Republic of Brazil on its recent US$2.75 billion SEC-registered offer and sale of global bonds, which closed on June 11, 2025.

The offering was comprised of two separate bond issues: US$1.5 billion of Brazil's 5.500% Global Bonds due 2030 and US$1.25 billion of Brazil's 6.625% Global Bonds due 2035. The bonds will be listed on the International Securities Market of the London Stock Exchange.

The firm regularly advises Brazil on its significant financial transactions, including its US$2 billion inaugural sustainable bond offering in November 2023 and its record US$4.5 billion bond offering in January 2024.

The Arnold & Porter team was led by partners Greg Harrington and Whitney Debevoise and included partners Simon Firth and David A. Sausen, counsel Carlos Pelaez, senior associates Mateo Morris Lievano and Valentina Garzon, and associates Lica Porcile and Lauren Hoepfner.*

*Mateus Maia de Souza, a visiting attorney from Brazil, also assisted the team with aspects of the deal. Mr. Maia is admitted to practice law only in Brazil. He is not engaged in the practice of law in any U.S. jurisdiction.