‘Bond Deal of the Year’: Arnold & Porter Represented the Federative Republic of Brazil On its $4.5 Billion Bond Offering, Which Wins ‘Bond Deal of the Year’ at Global Banking & Markets 2024 Latin America Awards

Global Banking & Markets recognized the US$4.5 billion bond offering by the Federative Republic of Brazil, on which Arnold & Porter played a key advisory role, with the “Bond Deal of the Year” award at its 2024 Latin America Awards on December 10, 2024. The annual ceremony recognizes the “most innovative and ground-breaking deals” from sovereign, corporate, and financial institutions and borrowers, spotlighting transactions that showcase “high quality execution,” “access to new pools of liquidity,” “innovative structuring,” and expansion into new markets.

The January 2024 transaction consisted of two tranches: the first, a US$2.25 billion issuance of Brazil’s 6.125% Global Bonds due 2034 and the second, a US$2.25 billion issuance of 7.125% Global Bonds due 2054.

The Arnold & Porter team was led by partners Whitney Debevoise and Gregory Harrington and also included partners David Sausen and Simon Firth, counsel Carlos Pelaez, senior associate Mateo Morris, and associates Valentina Garzon and Lauren Hoepfner.