Brazil’s $1.5 Billion Notes Offering

Cleary Gottlieb Steen & Hamilton, Sullivan & Cromwell and Pinheiro Neto advised on the transaction

The Federative Republic of Brazil completed an SEC-registered offering of $1.5 billion of its 5.625% global bonds due 2047. The offering was a reopening of previously offered bonds of the same series, resulting in a total of $3 billion principal amount of the series outstanding. The bonds were issued at a price to the public of 100.352 percent of their principal amount. The bonds are listed on the Luxembourg Stock Exchange and admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange.

S&C represented HSBC Securities (USA) Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC, as the joint lead managers and joint bookrunners of the offering.

Cleary Gottlieb Steen & Hamilton advised the The Federative Republic of Brazil with Nicolas Grabar (Picture), Juan G. Giráldez, Scott Douglas Borisk, Carlos E. von der Heyde, Christine Whited, Daniela Rios, M. Rita Sobral and Silvia Fittipaldi.

Sullivan & Cromwell advised Banco Bradesco BBI S.A., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith with Robert S. Risoleo, Christopher L. Mann, Jeffrey D. Hochberg, Paul J. McElroy, Saul Brander, Tracey E. Russell, Cristina W. Liebolt and Nir Fishbien.

Pinheiro Neto advised Banco Bradesco BBI S.A., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith with Fernando J. Prado Ferreira and Luis Fernando Grando Pismel.

Involved fees earner: Scott Douglas Borisky – Cleary Gottlieb Steen & Hamilton; Silvia Fittipaldi – Cleary Gottlieb Steen & Hamilton; Juan Giráldez – Cleary Gottlieb Steen & Hamilton; Nicolás Grabar – Cleary Gottlieb Steen & Hamilton; Daniela Rios – Cleary Gottlieb Steen & Hamilton; Rita Sobral – Cleary Gottlieb Steen & Hamilton; Carlos von der Heyde – Cleary Gottlieb Steen & Hamilton; Christine Whited – Cleary Gottlieb Steen & Hamilton; Fernando Prado Ferreira – Pinheiro Neto; Saul Brander – Sullivan & Cromwell; Nir Fishbien – Sullivan & Cromwell; Jeffrey Hochberg – Sullivan & Cromwell; Cristina Liebolt – Sullivan & Cromwell; Christopher Mann – Sullivan & Cromwell; Paul McElroy – Sullivan & Cromwell; Robert Risoleo – Sullivan & Cromwell; Tracey Russell – Sullivan & Cromwell;

Law Firms: Cleary Gottlieb Steen & Hamilton; Pinheiro Neto; Sullivan & Cromwell;

Clients: Banco Bradesco BBI S.A.; JP Morgan Securities; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Republic of Brazil;