Shearman & Sterling advised Banco do Brasil, acting through its Grand Cayman Branch, in connection with its borrowing of a $500 million term facility from China Development Bank, Hong Kong Branch. The loan was signed on January 12, 2022, and is the first financing between the two entities, demonstrating the evolving Brazil-China commercial relationship.

This transaction represents the continuation of the firm’s long-standing relationship advising Banco do Brasil in a variety of matters, including most recently its inaugural issuance of social bonds in the international debt capital markets.

The Team