Shearman & Sterling represented Banco Nacional de Desenvolvimento Econômico e Social (BNDES), Brazil’s national bank for economic and social development and the primary domestic source of long-term financing in the Brazilian economy, in connection with its offering of US$1,250,000,000 3.375% Notes due 2016 and US$1,250,000,000 5.750% Notes due 2023, to be listed on the Luxembourg Stock Exchange. Deutsche Bank Securities, Inc., Itau BBA USA Securities, Inc. and J.P. Morgan Securities LLC acted as joint lead managers.
Shearman & Sterling lawyers from four offices—São Paulo, New York, London and Washington, DC—advised on the transaction, including partners Robert Ellison (São Paulo-Capital Markets), Stuart Fleischmann (New York-Capital Markets), and Julian Tucker (London–Finance) and associates Richard Bass (São Paulo-Capital Markets), Tarik Gause (São Paulo-Capital Markets), David Shennan (London–Finance), Jeffrey Tate (Washington, DC-Tax) and Melissa Henkel (Washington, DC-Tax).
