Debevoise Advises NLMK on $500 Million 7-Year Eurobond Placement

30 May 2019

Debevoise & Plimpton LLP has advised NLMK on $500 million 7-year Eurobond offering, with an annual coupon rate of 4.70%, the lowest rate achieved by Russian & CIS corporate issuers for a U.S.$ Eurobond issue of 7 years or longer since the previous NLMK’s issue in September 2017.

J.P. Morgan and Société Générale acted as the Joint Global Coordinators and Joint Bookrunners, and ING and UniCredit Bank acted as the Joint Bookrunners for the new issue.

The Debevoise team was led by London partner James C. Scoville. It included London partner Alan J. Davies, Moscow international counsel Dmitry A. Karamyslov, associates Svetlana Panfilova and Timur G. Ochkhaev. Tax advice was provided by London international counsel Cécile Beurrier and associate Patrick Fasoro.

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