Consortium Advises on Bond Issue

March, 2017 - El Salvador

Legal Consortium - El Salvador advised the Republic of El Salvador acting through the Ministry of Finance in the issuance of bonds for a total amount of US $601,085,000. Consortium was in charge of reviewing compliance with the Purchase Agreement, price list, circular of preliminary and final offer - among other documents - in relation to local laws. Likewise, the legal opinion related to the validity of the issue was elaborated.

Legal Consortium provided legal advice through a team formed by partner Oscar Samour and associate Felipe Aragon .

Arnold & Porter Kaye Scholer LLP was the legal counsel in the United States of the Republic of El Salvador.

Shearman & Sterling LLP was the adviser in the United States of Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc.

Latamlex - Guandique Segovia Quintanilla was the adviser of Credit Suisse Securities (USA) LLC and Deutsche Bank Securities, Inc. in El Salvador.