A2A and Delmi in the Sale and Purchase of Equity Investments in Edison and Edipower

June 15, 2012

Cleary Gottlieb acted as structural counsel to the dealer managers (Deutsche Bank Securities, Goldman, Sachs & Co. and HSBC) in a registered debt exchange offer by the Andean Development Corporation (Corporación Andina de Fomento or CAF). CAF issued just under half a billion dollars of new notes in the exchange offer, which was conducted in conjunction with a concurrent cash offering. The exchange offer closed on June 15.

CAF is a multilateral development bank established in 1970. It promotes a model of sustainable development through credit operations, grants and technical support, and offers financial structuring to public and private sector projects in Latin America.