Shearman & Sterling Advises on Caixa Econômica Federal’s $1.25 Billion Senior Notes Issuance

Shearman & Sterling represented Caixa Econômica Federal, the largest fully government-owned bank in Latin America, in connection with the issuance of US$1,250,000,000, 4.500% senior notes due 2018 under its US$5,000,000,000 medium-term note program. The notes are listed on the Luxembourg Stock Exchange. Banco Bradesco BBI S.A., BB Securities Ltd., Banco BTG Pactual S.A. – Cayman Branch, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc. acted as joint lead managers.

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Tags:  Shearman & Sterling LLP | New York

Davis Polk Advises Millicom on the $4.4 Billion Merger of Its Colombian Telecom Business with UNE

Davis Polk is advising Millicom International Cellular S.A. (Millicom) in connection with the $4.4 billion merger of its Colombian telecommunications business, conducted through Colombia Móvil S.A. (Colombia Móvil), with UNE EPM Telecomunicaciones S.A. (UNE), a subsidiary of Empresas Públicas de Medellín E.S.P. – EPM (EPM). The transaction, which is subject to regulatory approvals and other customary closing conditions, including approval by UNE’s bondholders, is expected to close during the first half of 2014.

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Tags:  Davis Polk & Wardwell LLP | New York