BLP Advises on Honduras’ First Foreign Currency Sustainable Green Bond Issuance
December, 2024 - Costa Rica
BLP is proud to have acted as local legal advisor for Santander US Capital Markets LLC and Citigroup Global Markets Inc. in the Republic of Honduras’ first sovereign green sustainable bond issuance. This historic transaction, carried out in the international capital markets, marks a significant step for the country in advancing projects focused on sustainability and development.
The issuance reached $700 million, with a yield of 8.625% and an average maturity in 2034. Santander US Capital Markets LLC and Citigroup Global Markets Inc. played a key role as initial purchasers and joint bookrunners in this operation.
This historic transaction reaffirms Honduras’ commitment to the Sustainable Development Goals (SDGs), driving projects that positively impact critical areas such as climate change mitigation and sustainable development.
At BLP, we are honored to have been part of this process, providing specialized legal advice to ensure the success of transactions of this magnitude.
For more details about this historic issuance, check the official news published by the United Nations Development Programme (UNDP): Honduras issues its first sustainable sovereign bond.
The transaction was led by Partners José Alvarez, Pablo Umaña, with the support of associates Alí Ordóñez and Ivis Alvarado.
