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Arnold & Porter Advises El Salvador on $1 Billion Bond Issuance

July 17, 2020

Arnold & Porter advised the Republic of El Salvador on its issuance of $1,000,000,000 9.500% sovereign bonds due 2052, which closed on July 15, 2020. The proceeds from the issue will be used for general budgetary purposes and to fund the national fund aimed at addressing the government's COVID-19 relief and recovery efforts.

The Arnold & Porter Corporate & Finance team included partner Whitney Debevoise, counsel Carlos Pelaez, and associates Mateo Morris and Valentina Garzon. The tax team included partner David Sausen and associate Anna Parnes.