May 20, 2019
On May 9, 2019, the Inter-American Investment Corporation (IDB Invest) closed on a $75 million subordinated loan to Republic Bank Limited, a financial institution organized and existing under the laws of the Republic of Trinidad and Tobago (the Borrower). The proceeds of the loan will be used by the Borrower to support its Tier 2 Capital and (i) to finance its digital integration process and (ii) for its origination of sub-loans to sub-borrowers in the Republic of Trinidad and Tobago.
The U.S. based firm of Hunton Andrews Kurth LLP advised IDB Invest as international counsel. Trinidadian advice to IDB Invest was provided by Fitzwilliam, Stone, Furness-Smith & Morgan. New York legal advice to the Borrower was provided by Shearman & Sterling LLP.
Hunton Andrews Kurth Lawyers:
Vera Rechsteiner, Partner
Sid Sethy, Associate
IDB Invest’s In-house Counsels:
Ofelia Bermudez Diaz, Legal Officer
Fitzwilliam, Stone, Furness-Smith & Morgan Lawyers:
Kurt A.A. Miller, Managing Partner
Mark Ramkerrysingh, Partner
Cynetta Lai Leung, Partner
Shearman & Sterling Lawyers:
Cynthia Urda Kassis, Partner
Rita Ghanem, Associate