Cuatrecasas advises BTG Pactual on issuing bank guarantees to develop infrastructure projects in Colombia and Mexico
Cuatrecasas has advised BTG Pactual
Colombia and BTG Pactual-Cayman Branch on the process to issue bank guarantees payable on first demand and irrevocable standby letters of credit to several entities for over 22 million dollars.
BTG Pactual is a global financial company operating in investment banking, wealth management, sales and trading, corporate lending and asset management. It is also the largest investment bank in Latin America and is present in the main financial centers in the region and the world, including Brazil, Chile, Colombia, Mexico, Perú, Argentina, United States, United Kingdom and Portugal.
This is BTG’s first transaction as a bank in Colombia, after obtaining authorization from the Colombian Financial Superintendence last October to be incorporated as a bank in the country. It is also one of the first transactions carried out by BTG with a Mexican component to offer its clients comprehensive regional service.