The Firm recently represented RBC Capital Markets, LLC, as initial purchaser, in connection with an offering of US$300 million of 4.375% Amortizing Bonds due 2027 by the Caribbean Development Bank. The offering was conducted in reliance on Rule 144A and Regulation S.
The Caribbean Development Bank is a multilateral financial institution dedicated to the development of the economies of its Caribbean regional member countries. The Bank makes project loans, and provides technical assistance, to these Caribbean countries. The Bank’s members consist of 18 Caribbean countries, as well as Colombia, Mexico, Venezuela, Canada, Germany, Italy, China and the United Kingdom. The Bank is headquartered in Barbados.
The Simpson Thacher team for the transaction included Glenn M. Reiter, Juan Francisco Méndez, Joia Lee and Maria Carolina Gonzalez Diaz (Capital Markets) and Jonathan Cantor and Andrew Purcell (Tax).
