Grupo Nutresa's $2 Billion Bond Issuance Marks Milestones in Latin American Market
Deal News | May 14, 2025 | Proskauer Rose (UK) LLP
Grupo Nutresa S.A., a major Colombian food conglomerate, successfully issued $2.0 billion in notes, marking a significant moment in the Latin American and Colombian bond markets. The issuance, advised by leading law firm Proskauer, repaid a $2.0 billion bridge loan taken earlier by the group. The transaction was notable for being the largest inaugural bond issuance by a private Latin American company, and the largest for a Colombian issuer in recent years, alongside state-owned oil company Pemex's 2023 issuance. The notes were divided into two tranches and rated investment-grade. Proskauer's multi-office team, led by several seasoned partners, facilitated this landmark deal, illustrating the firm's global reach and expertise in capital markets and corporate finance.
Sectors
- Financial Services
- Food Services
Geography
- Latin America – The bond issuance marks milestones specifically in the Latin American bond markets, with Grupo Nutresa being a key player based in Colombia.
- United States – Grupo Nutresa has operations in the United States, and the law firm involved, Proskauer, has significant operations there.
Industry
- Financial Services – The article discusses the issuance of bonds in the financial markets, a fundamental aspect of financial services.
- Food Services – Grupo Nutresa is identified as a food conglomerate, emphasizing the company's core industry.
Financials
- $2.0 Billion – The total amount of the bond issuance.
- 8.000% and 9.000% – Interest rates of the two tranches of senior notes due 2030 and 2035, respectively.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Grupo Nutresa S.A. | Target Company | Company | A Colombian food conglomerate involved in a $2 billion bond issuance. |
| Proskauer Rose (UK) LLP | Legal Advisor | Company | An international law firm advising on the bond issuance. |
| Goldman Sachs | Initial Purchaser and Lead Arranger | Company | Involved in arranging the bridge loan and purchasing the notes. |
| Deutsche Bank | Initial Purchaser and Lead Arranger | Company | Involved in arranging the bridge loan and purchasing the notes. |
| JP Morgan | Initial Purchaser and Lead Arranger | Company | Involved in arranging the bridge loan and purchasing the notes. |
| Citibank | Initial Purchaser and Lead Arranger | Company | Involved in arranging the bridge loan and purchasing the notes. |
| BTG Pactual | Initial Purchaser and Lead Arranger | Company | Involved in arranging the bridge loan and purchasing the notes. |