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Gianluca Bacchiocchi

Gianluca Bacchiocchi

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Gianluca Bacchiocchi

Gianluca Bacchiocchi is a capital markets, projects and banking and finance partner in Clifford Chance's Americas Energy & Infrastructure Group.

He focuses his practice on representing sponsors, issuers and underwriters in cross-border capital markets transactions with Latin America, including project bond and multisourced financings, issuances of asset-backed securities, future-flow backed securities and high-yield debt.

Gianluca also assists sponsors, borrowers and lenders with project and infrastructure financings, public-private partnership bidding processes, general secured and unsecured lending arrangements and international debt restructurings. He is recognised as a leading practitioner in the Latin America finance, projects and capital markets sections of Chambers and Legal 500, with the former noting that he is "considered a pioneer in the area of project bonds” and the latter that he is “a dominant figure for project bonds.” Gianluca is fluent in Italian, Portuguese, and Spanish.

  • an international bank on the Rule 144/Reg S securitization of government receivables for the development of the integral rail system of Panama City Metro line 2, which involved the first ever issuance of CDNO backed project bonds
  • the arrangers and lenders with respect to a working capital facility and CPAO term-loan facility for the Lima Metro Line 1 Expansion
  • the consortium with respect to the Rule 144A/Reg S securitization of RPI-CAOs and loan financings for the US$5.3 billion Metro de Lima y Callao Line 2 project in Peru; Americas P3 Deal of the Year 2015, Project Finance International; Latin America Multisourced Financing Deal of the Year 2015, IJGlobal; 2016 Project Finance Deal of the Year, IFLR; Americas Deal of the Year 2015, Trade Finance
  • the arranger and placement agent in a 4(2)/Reg S US$132.8 million offering of project bonds to finance the construction of a new 223 MW cold reserve power plant in Northern Peru; Latin American Project Bond Deal of the Year 2013 and Overall Latin American Deal of the Year 2013, Project Finance Magazine; Project Finance Deal of the Year 2013, IFLR; Best Infrastructure Bond of the Year 2013, Latin Finance
  • the issuer, arranger and initial purchaser in a Reg S US$230 million securitization of RPICAOs to finance multiple medical facilities in Peru. This transaction was ranked as one of the most innovative finance deals of 2012 by Financial Times in its 2012 US Innovative Lawyers report
  • the arranger and initial purchaser in a Reg S S/.320,000,000 securitization of RPICAOs for the financing of the Huascacocha water treatment facility in Peru; Latin American Water Infrastructure Deal of the Year 2010, Project Finance; 2011 Americas Project Finance Deal of the Year, IFLR
  • the initial purchaser in a Rule 144A/Reg S US$164.9 million issuance of project bonds for the Jorge Chávez International Airport in Lima, Peru; Project Finance Deal of the Year, IFLR; Latin American Infrastructure Bond Deal of the Year 2007, Project Finance
  • the issuer, arranger and initial purchaser in a Rule 144A/Reg S US$1.2 billion securitization of CRPAOs for the financing of the Tramo 2 and 3 sections of the IIRSA Sur toll road project in Peru; Infrastructure Deal of the Year 2007, Latin Finance; Best Structured Bond Deal of the Year 2007, Latin Finance
  • Represented Goldman Sachs and Scotia Capital (as initial purchasers), and Bancolombia, Banco de Bogota, Banco de Occidenteand the CAF-AM Ashmore Debt Fund (as senior lenders) in the approximately US$472 million multi-tranche and multi-currency financing for the CosteraCartagena Barranquilla toll road project in Colombia which included a combination of Rule 144A/RegS USD bonds and COP bonds, COP and UVR commercial bank loans, a subordinated revolving liquidity facility and currency hedges.
  • Represented Goldman Sachs (as initial purchaser) and Bancolombia, Corpbancaand the Compartimentode DeudaPrivadaInfraestructuraDebt Fund (as senior lenders) in the approximately US$1 billion multi-tranche and multi-currency financing for the ConexionPacifico3 toll road project in Colombia which included a combination of Rule 144A/RegS USD bonds and COP bonds, COP and UVR commercial bank loans, a subordinated revolving liquidity facility and currency hedges.
  • Represented the consortium with respect to the Rule 144A/RegS project bond issuance and loan financings for the US$5.3 billion Metro de Lima y Callao Line 2 project in Peru. Americas P3 Deal of the Year 2015, Project Finance International; Latin America MultisourcedFinancing Deal of the Year 2015, IJGlobal; 2016 Project Finance Deal of the Year, IFLR; Americas Deal of the Year 2015, Trade Finance.
  • Represented BESI –GrupoNovo Banco and Credit Suisse, as arrangers and placement agents, on a $273.7 million 4(2)/RegS securitization of RPIs for the Red Dorsal Nacional de FibraOpticaproject in Peru. Latin America Telecoms Deal of the Year 2015, IJGlobal; 2015 Best Bond, Latin Finance.
  • Represented the Pension Fund of the State of Rio de Janeiro –RioPrevidênciaon the Rule 144A/RegS US$2 billion Oil Royalty Securitization and a further US$1.1 billion notes issuance secured by the state’s future oil and gas royalties. Deal of the Year 2014, Latin Lawyer; Structured Financing of the Year and Financing Innovation of the Year 2014, Latin Finance.
  • Represented the arranger and placement agent in a 4(2)/RegS US$132.8 million issuance of project bonds to finance the construction of a new 223 MW cold reserve power plant in Northern Peru. Latin American Project Bond Deal of the Year 2013 and Overall Latin American Deal of the Year 2013, Project Finance Magazine; Project Finance Deal of the Year 2013, IFLR; Best Infrastructure Bond of the Year 2013, Latin Finance.
  • Represented the sponsors and issuer in a Rule 144A/RegS US$110 million issuance of project bonds to finance the construction of a terminal at the PaitaPort in Peru. Project/Infrastructure Financing Deal of the Year 2012, Latin Finance.
  • Clifford Chance Wins Big at the 2017 LatinFinance Project & Infrastructure Finance Awards
    10 October 2017
    Press Release
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Contact details

Career and qualifications

  • University of Michigan (B.A.) 1994
  • Joined Clifford Chance as partner 2015

Awards and citations

  • Gianluca Bacchiocchi has been ranked in Chambers USA - Latin American Investment (New York). Gianluca Bacchiocchi advises on capital markets and banking and finance matters. He is best known for his deep understanding of the Peruvian market, where he has an especially strong reputation in the field of project bonds. Sources say that he is "excellent and very practical."
    Chambers USA 2017- Latin American Investment 
  • Gianluca has been named a "Foreign Expert" by Chambers Global and has been recognized in Chambers Latin America for his capital markets, banking and finance, and projects work. He "is described by sources as 'the go-to person and an excellent leader.' They add: '[h]e manages on the transactional side and makes sure it goes smoothly. He is capable of achieving very impressive results and co-ordinating both the international and local aspects'." Sources attest to an impressive 'business saviness'" and "describe him as 'a very business-driven lawyer'."