Shearman & Sterling represented Caixa Econômica Federal, the largest fully government-owned bank in Latin America, in connection with the establishment of its US$5,000,000,000 Medium-Term Note Program and its first international issuances, consisting of U.S.$1,000,000,000 2.375% Notes due 2017 and U.S.$500,000,000 3.500% Notes due 2022 listed on the Luxembourg Stock Exchange. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Deutsche Bank Securities Inc. and HSBC Securities (USA) Inc. acted as Dealers.
The following Shearman & Sterling team advised the joint underwriters in the transaction: partners Stuart Fleischmann (New York-Capital Markets) and Don J. Lonczak (Washington, DC-Tax) and associates Ivana Martins (São Paulo-Capital Markets), Fernanda Iacia (São Paulo-Capital Markets) and Judy Fisher (Washington, DC-Tax).
