Dechert has advised the Republic of Albania on its successful issuance of EUR 450 million 5.75% Notes due 2020, with the joint lead managers, Deutsche Bank and J.P. Morgan, represented by Allen & Overy.
According to Dechert, “this sovereign bond offering marked the country’s strong return to the international debt capital markets after a nearly five-year absence and against the backdrop of market turbulence surrounding the recent debt crisis in neighbouring Greece and general volatility."
Dechert Partner Louise Roman, who led the firm's team on the matter, said: "We were pleased to assist Albania in this landmark transaction, particularly during the difficult conditions in the region. Our team is pleased to have forged a relationship with the excellent team at the Albanian Ministry of Finance, as well as to continue our long track record of advising on sovereign bond offerings across the emerging markets."
Roman was assisted by Dechert Associate Jennifer Buckett and Trainee Solicitors Annabelle Nelsson and Dona Treska (herself, according to the firm, a native Albanian).
The Allen & Overy team was led by Partner Jonathan Melton, with support from Partner Sachin Dave and Senior Associate Stephanie Dee.