Banco Agrícola $300 million notes issue

Overview:

• Banco Agrícola has issued $300 million in 6.75% senior notes which reach maturity in 2020.
• Deutsche Bank Securities and Bank of America – Merrill Lynch acted as underwriters.
• The value of the deal is significant for a private financial institution in El Salvador. 
• BLP El Salvador (Ricardo Cevallos) and Sullivan & Cromwell (Robert Risoleo) advised the issuer.
• Consortium Legal El Salvador (Oscar Samour) and Milbank Tweed Hadley & McCloy (Marcelo Mottesi) advised the underwriters.

Rani Mehta - Journalist - Latin America