Baker & McKenzie Advises the Agency for Housing Mortgage Lending on Its RUB15 Billion Eurobond Offering


Moscow, Russia, 6 March 2013 – Baker & McKenzie successfully advised the Agency for Housing Mortgage Lending (AHML) on its debut offering of 7.75% ruble-denominated Eurobonds due in 2018 in a principal amount of RUB15 billion (approx. USD500 million).

Citigroup, Deutsche Bank, Raiffeisen Bank International and VTB Capital were the joint lead managers.
“We are very happy to have assisted AHML on this milestone transaction, which I am sure will lead the way to further international placements,” said Vladimir Dragunov, head of the Russian finance and capital markets practice.
“We were delighted with the result of AHML’s debut Eurobond offering, which showed strong demand for ruble-denominated debt from this structurally important institution,” added Baker & McKenzie Moscow partner Roy Pearce.
The Firm’s team was led by Moscow partners Vladimir Dragunov and Roy Pearce alongside London partner Edward Bibko with support from associates Dmitry Dembich and Olga Ehrman in Moscow and Sahar Kianfar in London.
AHML is a state institute for development of the mortgage lending market in Russia. AHML’s principal activities involve the conclusion of long-term contracts with partners for refinancing mortgage assets throughout the Russian Federation and the provision of support to the Russian mortgage lending market through the development of mortgage lending standards and the mortgage-backed securities market.
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. (
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