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Debevoise Advises Norilsk Nickel on 2020 Eurobond

Debevoise Advises Norilsk Nickel on 2020 Eurobond

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Debevoise & Plimpton has advised longstanding client PJSC MMC Norilsk Nickel on its USD 500 million Eurobond offering due 2025 with a coupon rate of 2.55% per annum.

According to Debevoise, the 2.55% coupon rate is "the lowest coupon ever achieved by a corporate or sovereign issuer out of Russia and CIS for any USD-denominated Eurobond public placement."

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

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

Debevoise has previously advised Norilsk Nickel on a number of similar finance and capital market matters, including on six previous Eurobond offerings totaling USD 5 billion. Most recently, Debevoise advised Norilsk Nickel on in its 2019 USD 750 million Eurobond offering due 2024 (as reported by CEE Legal Matters on November 4, 2019).

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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

 

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