Simpson Thacher Represents J.P. Morgan Securities LLC in US$375 Million Debt Offering by the Municipalidad del Distrito Central (Tegucigalpa y Comayagüela)
The Firm represented J.P. Morgan Securities LLC, as initial purchaser, in connection with the offering by the Municipalidad del Distrito Central (Tegucigalpa y Comayagüela) of US$375 million in aggregate principal amount of its 9.500% Notes due 2031. The debt offering was conducted in reliance on Rule 144A and Regulation S.
The Municipality is the capital and most populous municipality of the Republic of Honduras, functioning as its principal center for public administration, commerce, finance and services.
The Simpson Thacher team for the offering included Juan Francisco Méndez, Kirsten L. Davis, Marcelo B. Lorenzen and Borja Ochagavia (Capital Markets); and Jonathan Cantor and Jason Yoo (Tax).