The Republic of Paraguay issued $600 million and ₲4.74 trillion bond offerings and conducted a concurrent cash tender offer.
Linklaters represented Citigroup Global Markets Inc. and Itau BBA USA Securities, Inc. acting as Initial Purchasers and Dealer Managers in connection with the Republic of Paraguay’s international offerings of $600 million of notes due 2055 and ₲4.74 trillion of notes due 2035. The bond offerings launched on February 18, 2025, priced on February 25, 2025, and closed on March 4, 2025. The main use of proceeds from the offering of the notes will be to purchase certain outstanding USD-denominated notes of the Republic of Paraguay due 2026 and 2027 that were accepted as part of the concurrent cash tender offer. The balance of the proceeds will be used for general purposes of the government.
The Linklaters team was led by Partner Matthew Poulter and Counsel Emilio Minvielle, alongside Partner Gabriel Grossman (Tax) and Associates Madeleine Bléhaut and Flavio Amorim (Tax).
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