Lawyers in Baker McKenzie's Moscow office were part of the firm's multi-jurisdictional team advising arrangers and dealers Citi and J.P. Morgan and dealers Barclays, BofA Securities, and HSBC on the establishment of a USD 6.5 billion Global Medium Term Note program by VEON, a global provider of connectivity and Internet services.
Baker McKenzie also represented Citi as trustee.
The program, which was established on April 16, provides future issuance capacity across multiple currencies, which will be made by VEON at its discretion.
The Baker McKenzie team was led from London by Capital Markets Partners Rob Mathews, Roy Pearce, and Haden Henderson, working with Senior Associate Maxim Khrapov and Associates Samantha Greer, Andrew Brown, and Luke Hackett. Partner Simon Porter and Associate Stephanie Lim advised on the trustee aspects of the transaction, with support from teams from the firm's offices in Amsterdam (including Partner Philippe Steffens and Associate Jot van Suijlen), in Moscow (Partner Dmitry Dembich and Associate Uliana Tokareva), and in the US (Partners Kai Kramer and Patricia McDonald and Counsel Michael Poland).
