Clifford Chance advises initial purchasers and joint bookrunners on Ueno Bank S.A.'s inaugural notes offering

Global law firm Clifford Chance advised Bank of America Securities and J.P. Morgan Securities LLC., as initial purchasers and joint bookrunners, in connection with the debut Rule 144A/Reg S offering of US$350 million 6.700% senior notes due 2031 by Ueno Bank S.A.

Ueno is the first Paraguayan digital universal bank and the largest Paraguayan bank by number of clients, credit cards, debit cards, and client transactions. The transaction marks Ueno's entry into the international capital markets. Proceeds from the offering will be used for general corporate purposes, including financing growth opportunities, liability management, and credit origination.

The team was led by partner Hugo Triaca, supported by associates Joyce Moore and Juan Andrés Bosch. Partner Avrohom Gelber and associate Jihyun Lee advised on tax matters.

Clifford Chance has advised on numerous similar transactions in the region, including recently advising initial purchasers on the debut international notes offering by Peruvian electricity company Luz del Sur, and Mobiliare on its debut notes issuance in the international capital markets.