Arnold & Porter recently advised the Republic of Colombia on a bond issue totaling €4.1 billion, the largest ever issue of Euro-denominated bonds by a Latin American issuer.
The transaction consisted of a three-part sale, including:
- €1.45 billion of 3.750% Global Bonds due 2028,
- €1.45 billion of 5.000% Global Bonds due 2032, and
- €1.20 billion of 5.625% Global Bonds due 2036.
Approximately €715 million of the proceeds were used to fund the repurchase via tender offer of a portion of Colombia's outstanding 3.875% 2026 Bonds.
The transaction was completed on September 19, 2025. The bonds have been listed on the Euro MTF Market of the Luxembourg Stock Exchange and the International Securities Market of the London Stock Exchange.
The Arnold & Porter team was led by partner Greg Harrington, head of the firm's Sovereign Finance practice, and counsel Carlos Pelaez, and included senior associates Valentina Garzon and Mateo Morris. Partner Simon Firth (London) advised on certain U.K./EEA matters, while partner David Sausen and associate Sean Kavanaugh advised on matters of U.S. taxation.
Arnold & Porter has represented the Republic of Colombia on global finance matters for two decades.