Norton Rose Fulbright represented Fiduciaria Bancolombia on the deal.
Fiduciaria Bancolombia acted as Concession Trust Trustee, in connection with a Fourth Generation (4G) highway project in Colombia.
Sacyr, a Spanish construction, engineering and infrastructure services company, issued a social bond valued at more than US$209 million to refinance debt associated with their Colombian highway corridor, Puerta de Hierro-Cruz del Viso. This is the first social bond issued in Latin America in connection with an infrastructure project.
The 125-mile highway, which is already complete and set to be fully operational in May 2021, connects several main cities and ports in the Colombian Caribbean.
The Norton Rose Fulbright team consisted of José Cobeña (Picture), Daniel Spencer (Sao Paulo) and Manny Rivera (New York).
Law Firms: Norton Rose Fulbright;
Clients: Fiduciaria Bancolombia S.A.;