Dentons Cárdenas & Cárdenas acted as legal counsel to DEG in its US$150 million subordinated loan to Banco de Occidente, marking DEG’s largest transaction in Latin America.
The 10-year facility will strengthen the Colombian bank’s Tier 2 capital, with at least 80% of proceeds allocated to green and sustainable projects, supporting Colombia’s transition toward a low-carbon economy. Banco de Occidente will also receive technical assistance from DEG Impulse to strengthen its environmental and social management and green finance capabilities.
The Dentons team was led by Partners Eduardo Cárdenas and Felipe Alarcón, alongside Associate María Fernanda Bonilla.
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