DLA Piper represented Rioprevidencia (Rio de Janeiro’s state-owned pension fund), as sponsor, as well as the State of Rio de Janeiro, in a new 144A/Reg S US$1.1 billion securitization of oil royalties, the second international offering the firm handled for the fund in 2014.
This transaction follows a June 2014 US$3 billion offering, which was the first international securitization of Brazilian oil and gas royalties; a landmark transaction due to both its size and structure.
The DLA Piper team representing Rioprevidência and the State of Rio de Janeiro was led by Gianluca Bacchiocchi (New York and Chicago), Jeffrey Susskind (New York and Sao Paulo), and Diego Harman (New York).
Source: news.dlapiper.com
