Shearman & Sterling represented Caixa Econômica Federal, the largest fully government-owned bank in Latin America, in connection with the issuance of US$1,250,000,000, 4.500% senior notes due 2018 under its US$5,000,000,000 medium-term note program. The notes are listed on the Luxembourg Stock Exchange. Banco Bradesco BBI S.A., BB Securities Ltd., Banco BTG Pactual S.A. – Cayman Branch, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc. acted as joint lead managers.
The following Shearman & Sterling team advised Caixa in the transaction: partner Stuart Fleischmann (New York-Capital Markets); counsel Carla Passos (New York/São Paulo-Capital Markets); associates Tarik Gause (São Paulo-Capital Markets), Judy Fisher (Washington, DC-Tax), Jeffrey Tate (Washington, DC-Tax) and Timothy Hanson (New York-Executive Compensation & Employee Benefits) and international associate Ivan Iais (New York-Capital Markets).
