Clifford Chance

Clifford Chance advises on inaugural international notes offering by Colombia-based ISA

Leading international law firm Clifford Chance has advised BofA Securities Inc. and HSBC Securities (USA) Inc. as joint bookrunners and initial purchasers in connection with the inaugural issuance by Interconexión Eléctrica S.A. E.S.P. (ISA) of US$330 million aggregate principal amount of its 3.825% senior notes due 2033. With operations in six countries across Latin America, ISA focuses on energy transmission, road concessions, telecommunication and information and communications technology. The company used the proceeds of the offering to repay a portion of its indebtedness. The notes were listed on the Singapore Stock Exchange.

The Clifford Chance team was led by Capital Markets partner Hugo Triaca with support from associate Julian Hurtado Vallejo and foreign law clerks Jorge Bojalil and Ximena López.

Clifford Chance advises on many landmark transactions in Latin America, notably advising on the largest green project bond in Latin America, a US$1.2 billion issuance by ISA subsidiary ISA Interchile. The firm most recently advised on the US$500 million senior notes offering by Telefónica Móviles Chile and on EGE Haina's sustainability-linked notes offering, the first of its kind by a Dominican issuer.