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News Nov 05, 2015

Shearman & Sterling Advises on Nacional Financiera, Sociedad Nacional de Crédito, Institución de Banca de Desarrollo’s US$500 Million Notes Offering

Shearman & Sterling represented Credit Agricole Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Daiwa Capital Markets America Inc. as initial purchasers in connection with the issuance by Nacional Financiera, Sociedad Nacional de Crédito, Institución de Banca de Desarrollo, a development bank controlled by the Mexican government, of US$500 million aggregate principal amount of 3.375% Notes due 2020 under Rule 144A/Regulation S.  

The following Shearman & Sterling team advised the initial purchasers in the transaction: partner Stuart Fleischmann (New York-Capital Markets) and associates Grissel Mercado (New York-Capital Markets), Jeffrey Tate (Washington, DC-Tax), Michael Daly (Washington, DC-Tax), Flavio Averbug (New York-Capital Markets) and Jimena Janeiro Fong (New York-Capital Markets).

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