Bolivia’s US$1 Billion Notes Offering

Davis Polk & Wardwell Shearman & Sterling and Bufete Aguirre Soc. Civ. have advised on the transaction

Davis Polk advised the Plurinational State of Bolivia in connection with the Rule 144A/Regulation S offering of $1 billion principal amount of its 4.50% notes due 2028.

Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC acted as joint lead managers on the offering.

The Davis Polk corporate team included Manuel Garciadiaz (Picture) and Adela Troconis. Alon Gurfinkel provided tax advice. Members of the Davis Polk team are based in the São Paulo and London offices.

Shearman & Sterling represented the joint lead managers with a team including Stuart Fleischmann (New York-Capital Markets); associates Flavio Averbug (New York-Capital Markets) and Erika Khalek (New York-Corporate); and international associate Juan Vignolo (New York-Capital Markets).

In Bolivia, Bufete Aguirre Soc. Civ. has advised the Joint Lead Managers with Fernando Aguirre, Ignacio Aguirre and Milenka Saavedra


Involved fees earner: Fernando Aguirre B. – Bufete Aguirre Soc. Civ.; Ignacio Aguirre – Bufete Aguirre Soc. Civ.; Milenka Saavedra – Bufete Aguirre Soc. Civ.; Manuel Garciadiaz – Davis Polk & Wardwell; Adela Troconis – Davis Polk & Wardwell; Alon Gurfinkel – Davis Polk & Wardwell; Stuart Fleischmann – Shearman & Sterling; Flavio Averbug – Shearman & Sterling; Erika Khalek – Shearman & Sterling;

Law Firms: Bufete Aguirre Soc. Civ.; Davis Polk & Wardwell; Shearman & Sterling;

Clients: Merrill Lynch, Pierce, Fenner & Smith Incorporated; JP Morgan Securities; Plurinational State of Bolivia;



Author: Ambrogio Visconti.