Davis Polk advised Grupo Aval Acciones y Valores S.A. in connection with its global offering of $1 billion aggregate principal amount of 4.75% senior notes due 2022. The notes were issued by Grupo Aval’s wholly owned finance subsidiary, Grupo Aval Limited, and guaranteed by Grupo Aval and were offered pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933.
Grupo Aval is Colombia’s largest and most profitable banking group. Grupo Aval provides a comprehensive range of financial services and products across the Colombian market through its four banks, pension and severance fund manager and merchant bank, ranging from traditional banking services, such as loans and deposits, to pension and severance fund management. Through its BAC Credomatic operations, Grupo Aval is also a leading Central American banking group.
The Davis Polk corporate team included partner Nicholas A. Kronfeld and associates Yasin Keshvargar and Marcus Hintze. Partner Harry Ballan and associate Juelle Gomes provided tax advice. Counsel Catherine L. Martin provided 1940 act advice. Inés Velasco was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
