May 16, 2024

Milbank Advises Banco de Occidente on Inaugural Tier Two Capital Subordinated $175M Notes Regulation S Offering

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Milbank LLP advised Banco de Occidente S.A. in connection with its inaugural $175 million offering of tier two capital subordinated notes due August 13, 2034. Headquartered in Cali, Colombia, Banco de Occidente is one of the largest Colombian banks and one of the four Colombian banks controlled by Grupo Aval.

The Milbank deal team was led by Corporate Finance and Securities partner Carlos Albarracín, associate Marco Zaldívar, law clerk Stephan Llerena and international attorney Pamela Molina.