We advised the initial purchasers on the offering

Davis Polk advised BofA Securities, Inc., Barclays Bank PLC, Crédit Agricole Corporate and Investment Bank and Goldman Sachs International as the initial purchasers in connection with a Rule 144A / Regulation S offering of $2 billion aggregate principal amount of 3.750% social notes due 2029 issued by the Central American Bank for Economic Integration (CABEI).

CABEI is a multilateral development financial institution composed of 15 countries. It was established in 1960 by Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica as founding members and later joined by Panama, the Dominican Republic and Belize as non-founding regional members, and Mexico, Colombia, Argentina, the Republic of China (Taiwan), Spain, Cuba and the Republic of Korea as non-regional members.

The Davis Polk capital markets team included partner Maurice Blanco and counsel Konstantinos Papadopoulos and Drew Glover. The tax team included counsel Liang Zhang and associate Benjamin Silver. Members of the Davis Polk team are based in the São Paulo, Northern California and New York offices.

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