Paraguay allocates emission funds to infrastructure investments
The Republic of Paraguay offered bonds for 450 million dollars, at a rate of 4.45% and a term of 30 years; this is an addition to another deal made by the Republic in 2019.
Hughes Hubbard & Reed, from their Miami and New York branches, alongside Parquet y Asociados Abogados represented the station in the operation which concluded on 21 January.
The General Budget of the Nation (PGN) for the fiscal year 2020 foresees resources for investments financed with public credit for the amount of USD 1,145 million. These resources will come from multilateral loans previously approved and from the issuance of bonds. The banks that accompanied this issue are Morgan Stanley, Goldman Sachs and Itaú BBA. The legal advisers to Goldman Sachs & Co. LLC were Cleary Gottlieb Steen & Hamilton and Gross Brown Law Firm.