Herbert Smith Advises Vnesheconombank on US$1 Billion Eurobond Offering

Herbert Smith has acted as counsel to the Russian state corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, the principal development bank of the Russian Federation, in connection with the offering of US$1 billion 6.025% loan participation notes due 2022 that closed on 5 July 2012. The notes, issued under Vnesheconombank’s existing US$30 billion loan participation notes programme, are listed on the Irish Stock Exchange and were placed in the United States pursuant to Rule 144A under the US Securities Act and outside the United States in reliance on Regulation S. Crédit Agricole, Deutsche Bank, HSBC and J.P. Morgan were the underwriters.

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Tags:  Herbert Smith Freehills LLP | Moscow

Freshfields Advises Burger King on Strategic Cooperation with Private Equity Partners to Expand in China and Russia

Freshfields Bruckhaus Deringer has advised Burger King on its strategic cooperation with US-based private equity firm, Cartesian Capital, and the Kurdoglu family (Burger King’s current master franchisee in Turkey and the largest Burger King franchisee worldwide), to rapidly grow and expand the Burger King brand in China. The transaction was closed on 15 June.

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Tags:  Freshfields Bruckhaus Deringer LLP | Moscow

Clifford Chance Advises Russia’s NOMOS on Record $500m Bond Issue

Clifford Chance’s London and Moscow offices recently advised Russian private bank NOMOS as the borrower in connection with an offering of U.S.$500 million of 10 per cent. loan participation notes due 2019 issued by its subsidiary Nomos Capital plc for the purpose of financing a U.S.$500 million subordinated loan. Proceeds from this transaction are expected to be included in the calculation of NOMOS Bank’s lower tier 2 capital, subject to the Central Bank of Russia’s final approval.

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Tags:  Clifford Chance LLP | Moscow