Arnold & Porter has a pre-eminent sovereign debt practice that acts for governments, states and state-owned entities throughout Latin America, the Caribbean, Europe, Africa, and Asia. Its work spans new bond issuance, liability management, swaps, guarantees of sub-sovereign issues, infrastructure finance, and restructuring. Jeremy Willcocks is the lead partner in London, backed by a strong team in New York. 'The team has extensive experience in direct issuances of states and intensive knowledge of current practices'.
Testimonials
Collated independently by Legal 500 research team.
‘The team has extensive experience in direct issuances of states and intensive knowledge of current practices.’
‘They are all easily accessible and very responsible at the partner level.’
Key clients
- Republic of Türkiye
- Republic of Hungary
- Republic of Colombia
- Federative Republic of Brazil
- Republic of Azerbaijan
- Republic of El Salvador
- Republic of Panama
- Republic of Kenya
- Republic of Nigeria
- Republic of Honduras
Work highlights
- Advised The Republic of Türkiye on an offering of US$2.5 billion of its green bonds, the Republic’s first such financing transaction to date. The proceeds of the offering are expected to finance and/or refinance specified green projects, including but not limited to clean transportation, renewable energy, energy efficiency, sustainable management of living natural resources and land use, terrestrial and aquatic biodiversity, and sustainable water and wastewater management.
- Advised the Federative Republic of Brazil on two sovereign finance deals in 2023: US$2 billion 6.250% Global Bonds due 2031 — Brazil's landmark inaugural issue of bonds under its new Sovereign Sustainable Bond Framework; and US$2.250 billion 6.000% Global Bonds due 2033.
- Advised the Republic of Hungary in its offer and sale of U.S.$500,000,000 of its 6.125% Notes due 2028. The Notes were listed on the London Stock Exchange.
Lawyers
Practice head
The lawyer(s) leading their teams.
Jeremy Willcocks