Baker & McKenzie Advises Eurasian Development Bank on USD500 Million Eurobond Offering

09.11.2012

Moscow, Russia, 8 November 2012 – Baker & McKenzie successfully advised the Eurasian Development Bank on its offering of 4.767% Eurobonds due in 2022 in a principal amount of USD500 million under its USD3.5 billion euro medium term notes program.

 
Oversubscribed 12 times, the issue attracted USD6.3 billion of demand from more than 220 investors. The transaction is EDB’s second-ever international bond issue and achieved an effective spread of 295 bp over 10-year mid-swaps and 303.7 bp over 10-year US Treasury notes.
 
“We were delighted to represent EDB on this highly successful bond offering, as witnessed by the impressive demand from investors and pricing,” said Baker & McKenzie Moscow partner Roy Pearce.
 
The Firm’s team was led by Roy Pearce alongside Moscow partner Simon H.P. Morgan, London partner Adam Farlow and Almaty partner Alexander Korchagin, with support from associates Dmitry Dembich and Maxim Khrapov in Moscow, as well as Laura Bentham and Sahar Kianfar in London.
 
The Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission of facilitating the development of market economies, sustainable economic growth and the expansion of mutual trade and other economic ties among its member states. The EDB’s charter capital exceeds USD1.5 billion. The member states of the Bank are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan.
 
 
About Baker & McKenzie
Founded in 1949, Baker & McKenzie advises many of the world’s most dynamic and successful business organizations through more than 4,000 locally qualified lawyers and 6,000 professional staff in 72 offices in 45 countries. The Firm is known for its global perspective, deep understanding of the local language and culture of business, uncompromising commitment to excellence, and world-class fluency in its client service. Global revenues for the fiscal year ended 30 June 2012 were USD 2.313 billion. Eduardo Leite is Chairman of the Executive Committee. (www.bakermckenzie.com)
 
 
 
  
Baker & McKenzie International is a Swiss Verein with member law firms around the world. In accordance with the common terminology used in professional service organizations, reference to a “partner” means a person who is a partner, or equivalent, in such a law firm. Similarly, reference to an “office” means an office of any such law firm.
 

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