Banco Davivienda in $500 Million Senior Note Offering

January 29, 2013

Cleary Gottlieb represented Banco Davivienda S.A. in its Rule 144A/Reg S offering of $500 million principal amount 2.950% Senior Notes due 2018. The Notes are expected to be listed on the Luxembourg Stock Exchange. This offering, which closed on January 29, 2013, was the second offering in the international capital markets for Davivienda, which investment grade ratings were confirmed by Standard & Poor’s, Moody’s and Fitch.

Davivienda is one of the leading financial institutions in Colombia, being the third largest bank in terms of assets, the largest lender of consumer loans and the largest lender of credit card loans. Davivienda’s stock is listed in the Colombian Stock Exchange since 2010.

Credit Suisse and J.P. Morgan acted as joint bookrunners.