Davis Polk advised Banco de Bogotá S.A. in connection with a reopening of $500 million aggregate principal amount of its 6.250% subordinated notes due 2026, 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 owns the largest pension and severance fund administrator and BAC Credomatic, a leading Central American banking group.
The Davis Polk corporate team included partner Nicholas A. Kronfeld and associates Yasin Keshvargar and Hillary A. Coleman. Counsel Alon Gurfinkel and associates Catherine L. Chu and Kelli A. Rivers provided tax advice. The 1940 Act team included partner Gregory S. Rowland and associate Brantley Hawkins. Members of the Davis Polk team are based in the New York and London offices.