14
Sat, Dec
45 New Articles

Debevoise Advises Norilsk Nickel on USD 750 Million Eurobond

Debevoise Advises Norilsk Nickel on USD 750 Million Eurobond

Russia
Typography

The Moscow and London offices of Debevoise & Plimpton have advised PJSC MMC Norilsk Nickel on in its USD 750 million Eurobond offering due 2024 with a coupon rate of 3.375% per annum, the lowest coupon ever achieved by Nornickel on a USD transaction.

Debevoise describes Nornickel as "a diversified mining and metallurgical company, the world's largest producer of refined nickel and palladium, and a leading producer of platinum, cobalt, copper and rhodium." The company also produces gold, silver, iridium, selenium, ruthenium, and tellurium.

Debevoise has previously advised Nornickel on a number of similar finance and capital market matters, including in five previous Eurobond offerings totaling USD 4.25 billion (including USD 1 billion Eurobond offerings in 2015 (as reported by CEE Legal Matters on October 16, 2015) and 2017  (as reported on April 18, 2017).

The Debevoise team advising Nornickel on the 2019 offering was led by London Partner James Scoville and included Moscow Partner Alan Kartashkin, International Counsel Dmitry Karamyslov, and Associates Evgenii Lebedev, Charles Low, and Timur Ochkhaev. Tax advice was provided by Partner Cecile Beurrier, Counsel Huey-Fun Lee. and Associate Patrick Fasoro.

Debevoise did not reply to our inquiry on the matter.

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru

 

Our Latest Issue