Paul Hastings Represents Underwriters in $750 Million Bond Offering for Banco Inbursa
New York -- Paul Hastings, a leading global law firm, announced today that the firm acted as counsel to the underwriters Citigroup, Credit Suisse and Bank of America Merrill Lynch in the offering of $750 million of 4.375% 10 year bonds by Banco Inbursa, S.A., a leading Mexican commercial bank, which is controlled by Carlos Slim and members of the Slim family. The offering follows Banco Inbursa’s first ever international debt offering in 2014, consisting of $1 billion of 4.125% 10 year bonds, for which Paul Hastings also acted as counsel to the underwriters.
The bonds were offered in a private placement to qualified institutional buyers pursuant to Rule 144A and Regulation S under the Securities Act of 1933.
Latin America practice partners
Paul Hastings attorneys also recently advised on the US$912 million international IPO of Jose Cuervo, represented Sigma Alimentos, S.A. de C.V., on a €600 debt issuance and Mexican automotive part manufacturer Nemak in a €500 million debt issuance, and advised on two notable out-of-court debt restructuring deals for Arendal, S.A. and Industrias Unidas, S.A.. The practice was also recognized by LatinFinance for
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