Shearman & Sterling represented Grupo de Inversiones Suramericana S.A. (“Grupo SURA”) in connection with the issuance of $550 million principal amount of 5.500% notes due 2026 by Gruposura Finance, Grupo SURA’s wholly-owned subsidiary.  The notes are fully and unconditionally guaranteed by Grupo SURA.  J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint book-running managers in the transaction.

Grupo SURA is the parent company of a group of leading companies operating primarily in the financial services sector in Latin America, including mandatory pension fund, voluntary savings and insurance companies, and the principal shareholder of Bancolombia, which is engaged in universal banking activities in Colombia and Central America.

The Team