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Arnold & Porter Advises Colombia on US$5.2B Record Bond Issue

November 5, 2026

Arnold & Porter recently advised the Republic of Colombia on a bond issue totaling US$5.2 billion, Colombia’s largest-ever bond offering.

The transaction consisted of a three-part sale, including:

  • US$2.2 billion of 7.000% Global Bonds due 2032,
  • US$2 billion of 7.625% Global Bonds due 2037, and
  • US$1 billion of 8.125% Global Bonds due 2056.

The transaction was closed on October 29, 2026. The bonds will be listed on the Euro MTF Market of the Luxembourg Stock Exchange and the International Securities Market of the London Stock Exchange.

The Arnold & Porter team was led by partner Greg Harrington, head of the firm’s Sovereign Finance practice, and included counsel Carlos Pelaez, senior associates Valentina Garzon and Mateo Morris, and associate Remila Jasharllari.*

Arnold & Porter has represented the Republic of Colombia on global finance matters for two decades.

*Francisco Contreras Peña, a visiting attorney from Chile, also assisted the team. He is admitted to practice law only in Chile and is not engaged in the practice of law in any U.S. jurisdiction.