Shearman Logo

News Jun 20, 2014

Shearman & Sterling Advises on Republic of Uruguay’s Shelf Takedown of Bonds

Shearman & Sterling represented J.P. Morgan Securities LLC and HSBC Securities (USA) Inc. in the Republic of Uruguay’s $2,000,000,000 shelf takedown of its 5.100% Bonds due 2050. Concurrent with the notes offering, the firm also advised J.P. Morgan Securities LLC and HSBC Securities (USA) Inc. as joint dealer managers on the Republic’s tender offer to purchase all of its outstanding 7.500% US Dollar-Denominated Global Bonds due 2015, 9.250% US Dollar-Denominated Global Bonds due 2017, 8.000% US Dollar-Denominated Global Bonds due 2022, 6.875% US Dollar-Denominated Global Bonds due 2025, 7.875% US Dollar-Denominated Global Bonds due 2033 and 7.625% US Dollar-Denominated Global Bonds due 2036.

The Shearman & Sterling team included partners Antonia Stolper (New York-Capital Markets) and Russell Sacks (New York-Financial Institutions Advisory & Financial Regulatory) and associates Flavio Averbug (New York-Capital Markets), Jeffrey Tate (Washington, DC-Tax), Jennifer Morton (New York-Financial Institutions Advisory & Financial Regulatory) and Jenny Ding (New York-Corporate).