Shearman & Sterling represented Banco de Costa Rica, the oldest state-owned financial institution in Costa Rica, in connection with its 144A/Regulation S offering of US$500 million aggregate principal amount of its 5.25% Senior Notes Due 2018. This is Banco de Costa Rica’s first issuance of securities in the international capital markets.

The following Shearman & Sterling team advised the issuer in the transaction: partners Antonia Stolper (New York-Capital Markets) and Michael Shulman (Washington, DC-Tax); associates Kevin Younai (New York-Capital Markets), Jeffrey Tate (Washington, DC-Tax), Judy Fisher (Washington, DC-Tax), and Leticia M. Olivera (New York-Capital Markets); and international associate Carla Russo (New York-Capital Markets).