CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
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.
In recent years, we have been seeing that real estate developers are starting to turn to debt capital markets to raise capital for their real estate development projects in Slovenia. When issuing bonds for real estate development projects, investors usually expect to have security on the real estate property that is being developed. Similar to other finance transactions, collateral can take various forms. This article examines the possibilities of establishing collateral on real estate property for bonds in Slovenia.
On January 25, 2024, the Office of the Prime Minister of the Republic of Kosovo published a list of concept notes anticipated for drafting and adoption by the Kosovo Government in the present year. The concept note, a regulatory prerequisite to the enactment of legislation within a specified domain, specifies the objectives of prospective governmental policy and the optimal modalities for their implementation.
