The Firm represented Citi, HSBC and J.P. Morgan, as initial purchasers, in connection with an offering of U.S.$500 million aggregate principal amount of 5.375% Subordinated Notes due 2023 issued by Banco de Bogotá S.A. The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933.
Banco de Bogotá is Colombia’s oldest financial institution, having conducted operations for more than 140 years. It is the second largest bank in the country, based on total consolidated assets at June 30, 2012 and net income for the six months ended June 30, 2012. Banco de Bogotá is a subsidiary of Grupo Aval Acciones y Valores S.A., Colombia’s largest banking group, based on available data for total assets and return on average assets at June 30, 2012.
The Simpson Thacher team for the debt offering included, among others, Glenn M. Reiter, Grenfel S. Calheiros, Jaime Mercado, Alexander Coedo and Alan Garcia Nores (Capital Markets), and Jonathan Cantor and Danny H. Salinas (Tax).
