30 July 2014
Deals | UK / Portugal - Capital Markets
Gide London acted as English law counsel to Parpública – Participações Públicas (SGPS), S.A., the state-run management holding company of the Portuguese Republic ("Parpública"), in connection with the issuance by Parpública of EUR 600,000,000 3.750 per cent. Notes due 2021. BNP Paribas, Barclays, Caixa - Banco de Investimento, S.A., Banco Espírito Santo de Investimento, S.A. and StormHarbour Securities LLP acted as Joint Lead Managers to the issuance, which was listed on Euronext, Portugal.
The issuance represents a major financing initiative for Parpública, which holds a key position in the Portuguese economy (Parpública's major assets include TAP Portugal, ANA - Aeroportos de Portugal and Águas de Portugal).
For Gide London, the transaction was an important step in promoting Gide's English law capital markets capabilities to the London market and is evidence of the increasingly productive relationship between Cuatrecasas, Gonçalves Pereira and the firm. The Gide team was led by partner Dimitrios Logizidis, assisted by William Oliver, Sarah Whitley and Therese Marie Rodgers.