The London and Moscow offices of Debevoise & Plimpton LLP are advising longstanding client Norilsk Nickel on a new $1 billion 7-year Eurobond offering, with an annual coupon rate of 6.625%. This is the first benchmark-sized Eurobond by a Russian issuer in 2015 and the largest such issuance since 2014.
The offering included a tranche offered to qualified investors in the United States pursuant to the Rule 144A exemption.
Debevoise has previously advised Norilsk Nickel on a number of similar finance and capital market matters, including in 2013 on two separate Eurobond offerings of $1 billion and $750 million respectively.
The Debevoise team advising on the latest issuance by Norilsk Nickel was led by London partner James C. Scoville and included Moscow partner Alan Kartashkin, London partner Alan J. Davies, international counsel Cécile Beurrier and associates Patrick Fasoro, Dmitry A. Karamyslov, Maxim A. Kuleshov, Timur G. Ochkhaev and Svetlana Panfilova.
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