Shearman And Sterling

News January 03, 2014

Shearman & Sterling Advises on Republic of Panama’s $500 Million Bond Offering

Shearman & Sterling represented Citigroup Global Markets Inc. and J.P. Morgan Securities LLC on the Republic of Panama’s $500 million shelf takedown of its 5.200 percent Bonds due 2020.

Concurrent with the notes offering, the firm also advised Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as joint dealer managers on the Republic’s tender offer to purchase any and all of its outstanding 7.250 percent U.S. Dollar-Denominated Global Bonds due 2015. The proceeds from the offering were used to purchase the notes tendered in the tender offer.

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