Shearman & Sterling represented HSBC Securities (USA) Inc., Itau BBA USA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint lead bookrunners, and Banco Espirito Santo de Investimento S.A. and Banco BTG Pactual S.A. – Cayman Branch, as co-managers, in connection with a 144A/Regulation S offering of $300,000,000 aggregate principal amount of 4.375% Senior Notes due 2019 by Banco do Nordeste do Brasil S.A.
Banco do Nordeste do Brasil S.A. is a multi-service special purpose development bank with operations primarily focused on the Northeast region of Brazil. This is Banco do Nordeste do Brasil S.A.’s second bond issuance following its issuance of $300,000,000 due 2015 in 2010.
The following Shearman & Sterling team advised the joint lead bookrunners and co-managers in the transaction: partners Stuart Fleischmann (New York-Capital Markets) and Don J. Lonczak (Washington, DC-Tax); associates Richard Bass (São Paulo-Capital Markets) and Jeffrey Tate (Washington, DC-Tax); and international associate Samuel Liao (New York-Capital Markets).
