A&O Shearman advises on Republic of Honduras’ USD700 million inaugural sustainable bond offering

The Republic of Honduras intends to allocate an amount representing between 3% to 9% of the net proceeds of the issuance to eligible green expenditures and a range between 91% to 97% of the net proceeds of the issuance to eligible social expenditures under its Green, Social and Sustainable Bond Framework.

A&O Shearman continues to be at the forefront of the growth in the sustainable bonds market. Earlier this year, we advised the initial purchaser and sustainability structuring agent in connection with the Republic of Guatemala’s inaugural offering of sustainable notes, the initial purchasers in connection with COFIDE’s inaugural offering of social notes, ENGIE Chile in connection with its green senior notes, the Republic of Chile in connection with several offerings of thematic bonds, and the underwriters in connection with the Republic of Peru’s offering of and exchange offer for thematic bonds.

The A&O Shearman team was led by capital markets partner Alejandro Gordano, and included tax partner Lorenz Haselberger, international arbitration Patrick Pearsall, capital markets associate Gonzalo Robles, and visiting attorneys Moises Gonzalez, Regina Odar and Delfina Meccia, and tax associate Daniel Kachmar.