Bernitsas has advised Helleniq Energy Group on a liability management exercise and a new issuance of notes.

Gen Temizer, working with Latham & Watkins, has advised Limak Cement on its global Rule 144A/Reg S issuance of USD 575 million 9.750% notes due 2029. Merrill Lynch and Morgan Stanley acted as joint global coordinators and joint bookrunners and ING Bank acted as joint bookrunner. White & Case and its Turkish affiliate law firm GKC Partners advised the joint bookrunners.

TGS Baltic has advised Civinity on a private placement of an issue of bonds with a nominal value of EUR 5.7 million.

White & Case has advised Bank Gospodarstwa Krajowego on its issuance of two bond series on the dollar market with a total value of USD 3.5 billion. Linklaters advised the joint lead managers.

Almost two years ago, I discussed in an article published in CEE Legal Matters the presence of “green” bonds and financings in Croatia. The thesis put forward in that article was focused on the necessity of companies and financial service providers to be more “green” in terms of the products they offer on the Croatian (capital) markets and goals on sustainability which should be accomplished.

Derivatives, repurchases, and securities lending transactions are often used by sophisticated financial institutions and large corporate entities in Bulgaria to manage their portfolios of investments, hedge against financial risks, or get short-term credit. Such products are predominantly offered on an OTC basis by foreign banks, with mainly the largest local banks having the know-how and resources to do the same.