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CMS Advises SID Bank on EUR 140 Million Bond Issuance

CMS Advises SID Bank on EUR 140 Million Bond Issuance

Slovenia
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CMS has advised Slovenia's SID Bank on its EUR 140 million German law-governed issuance of senior unsecured fixed-rate bonds with a seven-year maturity.

Deutsche Bank AG acted as the agent for the issuance. The SID Bank is a promotional development and export bank fully owned by the Republic of Slovenia.

According to CMS, “the bond, which will be guaranteed by the Republic of Slovenia in accordance with the Slovene Export and Development Bank Act, was assigned an investment grade rating of 'AA-' by international rating agency S&P Global [...] The bond will be listed in the Open Market segment of the Frankfurt Stock Exchange.”

The CMS team included Slovenia-based Partner Maja Erker Zgajnar, Counsel Irena Sik Bukovnik, and Associate Neza Voncina, with further team members in Germany.

CMS was unable to provide additional information on the deal.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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