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

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.