Caixa Econômica Federal Completes US$700 Million Bond Offering
05.15.25
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Simpson Thacher represented BNP Paribas Securities Corp., Citigroup Global Markets Inc., Santander US Capital Markets LLC, among others as dealers in connection with the offering by Caixa Econômica Federal (“Caixa”) of US$700 million 5.625% Senior Notes due 2030 (the “Bonds”). The Bonds were issued under Caixa’s MTN Programme, in reliance on Rule 144A and Regulation S.
Caixa is controlled by the Brazilian Federal Government and is the largest bank in Brazil by customer base and the fourth largest in Latin America in terms of assets. The proceeds of the offering will be used for the financing and/or refinancing, in whole or in part, of existing or future social projects that meet the eligibility criteria described in Caixa’s sustainable financing framework.
The Simpson Thacher team for the transaction included Paulo F. Cardoso, Grenfel S. Calheiros, Raissa Fini and Isabela Cruz Sanchez Porto (Capital Markets – São Paulo); Clare Gaskell, Deborah Harris and Sean Macdonald (Capital Markets – London); Jonathan E. Cantor (Tax).