Global Banking & Markets 2026 Recognizes Arnold & Porter in ‘Liability Management Deal of the Year’ and ‘Debt Deal of the Year — Colombia’ Awards
Arnold & Porter was recognized twice at the Global Banking & Markets Latin America & Caribbean Awards 2026 for the firm’s work advising the Republic of Colombia on two market-leading transactions:
- “Liability Management Deal of the Year” for a total return swap and related tender offer, in which the aggregate notional amount of the swap totaled the Swiss franc equivalent of US$9.3 billion, and
- “Debt Deal of the Year – Colombia” for the Republic’s €4.1 billion bond issue, the then largest ever issue of Euro-denominated bonds by a Latin American issuer.
Global Banking & Markets’ Deal of the Year awards recognize “the most innovative and ground-breaking deals from sovereigns, corporates and financial institution issuers.”
The liability management transaction was previously recognized at the LatinFinance Deals of the Year Awards, where it received “Sovereign Liability Management Deal of the Year.”
The Arnold & Porter team for the total return swap was led by partner Gregory Harrington and counsel Arturo Caraballo, and included senior associate Mateo Morris and associate Noel Abdala-Arata. Partner David Sausen and senior associate Lauren Olaya advised on tax matters. The Arnold & Porter team for the bond issue was led by partner Gregory Harrington and counsel Carlos Pelaez, and included senior associates Valentina Garzon and Mateo Morris. Partner Simon Firth advised on certain U.K./EEA matters, while partner David Sausen and associate Sean Kavanaugh advised on U.S. tax matters.
Arnold & Porter has represented the Republic of Colombia on global finance matters for more than two decades. The winners were recognized at an awards ceremony in Miami on February 26.
