Clifford Chance

Clifford Chance advises banks on issuance of Green Bonds by Peruvian Consorcio Transmantaro S.A.

A Clifford Chance team led by Capital Markets partner Hugo Triaca advised J.P. Morgan and Merrill Lynch, as initial purchasers, on the issuance of US$400,000,000 of 4.700% senior notes due 2034 (the "Notes") by Consorcio Transmantaro S.A. ("CTM"). The Notes were listed on the Luxembourg Stock Exchange and labeled as "green bonds" with proceeds from the offering being used to (i) refinance certain of CTM's existing indebtedness (the proceeds of which were initially used to finance Eligible Green Projects) and (ii) finance new Eligible Green Projects.

CTM, a company engaged in the construction, operation and maintenance of power transmission systems in Peru, is owned by Interconexión Eléctrica S.A. E.S.P. (with a 60% equity interest) and Grupo Energía de Bogotá S.A. E.S.P. (with a 40% equity interest).

The Firm's team included associate Lane Feler and law clerk Kiara Spoerer. Partner Avrohom Gelber advised on tax matters.

Clifford Chance has been recognized for decades as a preeminent law firm in Latin America. The Firm has led the way in developing successful, novel financing structures for a diverse client-base, and is constantly innovating its service offering, such as with a dedicated Latin America group specialized in capital markets, bank and project financing structures representing initial purchasers, underwriters, issuers and investors. The Firm's lawyers have extensive experience in the region's distinct business, legal and regulatory landscapes. They provide expertise that cuts across a full range of relevant practices, while aligning pioneering solutions with the unique characteristics of the Latin American market and the changing needs of clients.