Davis Polk advised Banco de Bogotá S.A. in connection with its debut global debt offering of US$600 million aggregate principal amount of its 5% senior notes due 2017, issued pursuant to Rule 144A and Regulation S under the Securities Act of 1933.

Banco de Bogotá is Colombia’s oldest financial institution, having conducted operations for more than 140 years, and the second-largest bank in the country. Banco de Bogotá is a subsidiary of Grupo Aval Acciones y Valores S.A., the largest banking group in Colombia. In addition to its banking operations, Banco de Bogotá operates the largest pension and severance fund administrator and the largest merchant bank in Colombia as well as BAC Credomatic, a leading Central American banking group.

The Davis Polk corporate team included partner Nicholas A. Kronfeld and associates Yasin Keshvargar, Daniel N. Borlack, Henrique Canarim (admitted only in Brazil) and Marcus Hintze (not yet admitted). Partner Harry Ballan and associate Juelle Gomes provided tax advice. The 1940 Act team included associates Catherine L. Martin and Jake H. Wang (not yet admitted). Inés Velasco was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.