Arnold & Porter’s Advisory on Honduras’ Inaugural Sustainable Bond Transaction
Arnold & Porter recently assisted the Republic of Honduras in launching its first sustainable bond issuance, with a total of US$700 million in 8.625% Notes due 2034. This marks a significant step for Honduras, as it issued the notes under its Green, Social, and Sustainable Bond Framework. The move highlights Arnold & Porter’s expertise in sovereign sustainable bonds, as they have now guided four countries, including Brazil, Colombia, Honduras, and Turkey, through similar offerings.
The offering of the notes followed exemptions from the U.S. Securities and Exchange Commission’s registration requirements, specifically Rule 144A for sales to qualified institutional buyers and Regulation S for international sales. The deal closed on November 27, 2024, and the newly issued notes have been listed on the Luxembourg Stock Exchange.
The dedicated team at Arnold & Porter, led by partner Whitney Debevoise and counsel Arturo Caraballo, was instrumental in bringing this sustainable bond issuance to fruition. The team also included partner David Sausen and associates Valentina Garzon and Lauren Hoepfner, who contributed their expertise to the successful completion of this landmark deal.
