Banco Safra $500 Million Notes Offering


Clifford Chance, Maples and Calder, Machado, Meyer, Sendacz e Opice and Davis Polk & Wardwell advised on the transaction

Banco Safra – acting through its Cayman Islands Branch – executed its Rule 144A and Regulation S offering of $500 million aggregate principal amount of 4.125% senior notes due 2023 under Banco Safra’s medium-term notes program.

Banco Safra is a leading multiple bank ranked as the fourth-largest privately-owned bank in terms of total assets in Brazil.

Clifford Chance advised Banco Safra S.A. with Jonathan Zoni, Patrick Jackson, Lane Feler and Luciana De Lima Barata.

Davis Polk & Wardwell advised the dealers with Stephen Hood (Picture), Manuel Garciadiaz, Drew Glover, Alon Gurfinkel, Adela Troconis and Veronica Orecharova.

Maples and Calder advised the dealers with Kieran Walsh, Kerry Ann Phillips and Mariana Alves.

In Brazil, Machado, Meyer, Sendacz e Opice advised the dealers with Nei Zelmanovits. Asociados Karina Tiaki Momose y Fernando Becker Mau.

Involved fees earner: Jonathan Zonis – Clifford Chance; Patrick Jackson – Clifford Chance; Lane Feler – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Banco J. Safra S.A.;

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Author: Ambrogio Visconti.