Liniya Prava Advises ITI Capital on SKCN Finance’s RUB 2.5 Billion Bond Issue

Liniya Prava Advises ITI Capital on SKCN Finance’s RUB 2.5 Billion Bond Issue

Russia
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Liniya Prava was lead counsel to ITI Capital, co-arranger along with Sovcombank, EDB, Freedom Finance, and Univer Capital, on SKCN Finance’s RUB 2.5 billion debut bond issue. The ultimate borrower was Samruk-Kazyna Construction, a Kazakh operator of state programs in residential and commercial real estate that is wholly-owned by state-owned Samruk-Kazyna National Welfare Fund JSC. The Lecap law firm reportedly advised ITI Capital on an element of the issuance as well.

According to Liniya Prava, as collateral for the issue, Samruk-Kazyna Construction issued a public irrevocable offer to purchase the bonds.

Liniya Prava’s team was led by Senior Associate Aleksandr Kuznetsov.