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Jorge Pablo Velasco Borda

Jorge Pablo Velasco Borda

Associate
jvelasco@bu.com.co
Contact information
(57-60-1) 3462011 Ext.8281
Bogotá
Admitted to practice law in
Colombia
Languages
English
Spanish

Lawyer and Specialist in Financial Management, graduated from Universidad de los Andes, with academic minors in Economics and Government. He earned his law degree cum laude, ranking within the top 3% of his graduating class over the previous five-year period. Additionally, he received public recognition from Colombia’s Ministry of Education for achieving one of the highest nationwide scores on the 2022 Higher Education Quality Examination (Saber Pro). He is currently pursuing a Master’s Degree in Finance at Universidad de los Andes.

Jorge Pablo is an associate in the Banking and Financial Services practice, where he advises local and international companies, financial institutions, multilateral development banks, investment funds, and agents on the structuring and execution of complex financing transactions in Colombia and cross-border deals. His practice primarily focuses on project finance, corporate finance, acquisition finance, and asset-backed financings.

He has extensive experience in the drafting, negotiation, and closing of signature-ready financing documentation, including credit agreements, security packages, trust structures, and ancillary documents, as well as in coordinating multi-contract structures governed by Colombian law alongside foreign law counsel. He has led highly complex international negotiations, representing both lenders and sponsors, and has participated in the legal training of internal teams at companies, financial institutions, and multilateral banks on credit agreements and financing structures.

Throughout his career, he has advised a broad range of local and international clients, including JP Morgan Chase, Citibank, BBVA, Banco de Bogotá, Davivienda, Corficolombiana, Bancolombia, Financiera Nacional de Desarrollo, Scotiabank, IFC, IDB Invest, Bank of China (BoC), and ICBC, as well as energy and infrastructure companies such as Solarpack Corporation, Matrix Renewables, Atlas Renewable Energy, and Termo Caribe, among others.

His relevant experience includes advising Colombian and Chinese lenders on the historic financing of Bogotá’s First Metro Line, for approximately COP 1.2 trillion (USD 300 million) and USD 230 million, leading the structuring and negotiation of Colombian law documentation and coordinating with international counsel under English law to address regulatory complexities. He also advised a group of six local and international lenders on one of the largest project financings in Colombia’s history, corresponding to the 5G toll road project Nueva Malla Vial del Valle del Cauca – Buenaventura–Loboguerrero–Buga Corridor, for approximately COP 3.66 trillion (USD 909 million).

In addition, he has advised Atlas Renewable Energy on the cross-border financing of the Shangri-La Project; Solarpack Colombia S.A.S. E.S.P. on a cross-border financing of approximately COP 630 billion for one of the largest photovoltaic projects in Colombia at the time, covering both construction and operational phases; and Bancolombia S.A. on a COP 57 billion financing for Genersol S.A.S. E.S.P. to complete the Sunnorte Solar Park.

His practice also includes advising on innovative, high-impact projects, such as Colombia’s first prison project structured under a PPA scheme, leasing transactions for natural gas bus fleets in urban public transportation systems, and the structuring of cross-border loans for the development of multiple distributed solar farms across Colombia.

Experience

  • Advised Colombian and Chinese lenders in the historic financing of Bogotá’s first metro line of COP 1.2 trillion (USD 300 million) and USD 230 million, leading the drafting and negotiation of Colombian law documents and coordinating with English law counsel to navigate political disputes and deliver an innovative multicontractual structure.
  • Advised a group of six local and international lenders, including multilateral development banks, on the largest project financing in Colombia’s history: a COP 3.66 trillion (~USD 909 million) financing for the design, construction, operation, and maintenance of the Nueva Malla Vial del Valle del Cauca Corredor Buenaventura–Loboguerrero–Buga 5G toll road project, which connects Colombia’s interior to its largest Pacific port.
  • Advised Atlas Renewable Energy on the cross-border financing of the Shangri-La project (COP 233 billion facility from IDB and COP 240 billion from Bancolombia), structuring a trust-based vehicle that pioneered a new renewable energy financing model in Colombia.
  • Advised Solarpack Colombia S.A.S. E.S.P. on the cross-border COP 630 billion project financing of the largest photovoltaic projects in Colombia at the time, structuring both construction and operating phase financings.
  • Advised Carmet Medellín S.A.S. on the first PPA prison project in Colombia, providing guidance on contract management, negotiations, and project financing.
  • Advised Scania Finance Colombia S.A.S. on a lease transaction for natural gas buses for Barranquilla’s public transportation system.
  • Advised a European development bank on the cross-border structuring and financing of a USD 30 million loan to a local developer for 40 mini solar farms across Colombia.
  • Advised Bancolombia S.A. in a COP 57 billion financing for Genersol S.A.S. E.S.P. to complete the Sunnorte Solar Photovoltaic Park.

Educational Background

  • Universidad de los Andes - Master of Finance (ongoing).
  • Universidad de los Andes - Specialist in Financial Management (2024).
  • Universidad de los Andes - Lawyer (2022).