Show more results...

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Join our team
EN / ES

Search filter

Practice Groups

Attorney

Industry

Date

Other experiences

Concession Metro Ligero de la Calle 80 Medellín

Date: 2022 Gómez-Pinzón advised CRRC (HONG KONG) CO. LIMITED and MOTA-ENGIL ENGENHARIA E CONSTRUCAO S.A. in the award by Metro de Medellín -public company and transport authority of Medellín- of the EPC contract for the studies and designs, the construction guarantee...

Acquisition of Concesion Costera by Grupo ISA

Date: 2019 Advisors to Constructora Colpatria as one of the sellers of 100% of the shares in the Concesión Costera Cartagena - Barranquilla to Interconexión Eléctrica - ISA. Team: Paola Andrea Larrahondo Cuesta (Partner) Juan Antonio Ucrós Pinzón (Senior Associate)...

Issuance of Perpetual Bonds (AT1) by Banco Davivienda

Date: 2021

 

 

Gómez-Pinzón Abogados acted as local advisor of Banco Davivienda S.A. in the first issuance in Colombia of a Perpetual Non-Cumulative Additional Tier 1 Junior Subordinated Notes issued by a Colombian financial institution in the international markets under Rule 144A/Regulation S of the Securities Act (USA), compliant with Basel III standards (subject to approval from the Financial Superintendency of Colombia (Superintendencia Financiera de Colombia) for the Notes to be classified as Additional Tier 1 Capital (Patrimonio Básico Adicional) of Banco Davivienda.

Settlement of the issuance took place on April 22, 2021. The Notes were listed on the Singapore Stock Exchange (SGX-ST). The maturity of the Notes will be subject to the issuer’s liquidation. The aggregate principal amount of the Notes is USD 500,000,000 and they will bear interest at 6.650% per annum.

The Notes garnered a total demand of USD 1.77 billion representing a 3.5x oversubscription level. The Notes are not callable by the issuer until 10 years after the issue date (subject to prior regulatory approval), are intended to constitute Additional Tier 1 Capital of the Bank and proceeds obtained therefrom will be used to strengthen the Regulatory Capital of the issuer, considering the progressive implementation of Basel III Regulatory Capital standards in Colombia (i.e., Tier 1 Capital Ratio and capital buffers) as of 2021, pursuant to Decree 1477 of 2018 and Decree 1421 of 2019.

Góméz-Pinzón advised Banco Davivienda S.A. in all matters concerning Colombian law that involved the issuance of bonds, and in particular, the matters related to the financial regulation necessary to obtain classification as Additional Tier 1 Capital (Patrimonio Básico Adicional).

 


 

Team:

 Daniel Londoño Pinzón (Partner)

 

Practice Groups:

Banking, Finance & Capital Markets

 

Industry:

Banking