The Moscow and London offices of Debevoise & Plimpton LLP have advised longstanding client PJSC MMC Norilsk Nickel (“Nornickel”) in its $750 million Eurobond offering due 2024 with a coupon rate of 3.375% per annum, the lowest coupon ever achieved by Nornickel on a U.S. Dollar transaction.
Nornickel is a diversified mining and metallurgical company, the world's largest producer of refined nickel and palladium and a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, selenium, ruthenium and tellurium.
Debevoise has previously advised Nornickel on a number of similar finance and capital market matters, including in five previous Eurobond offerings totaling $4.25 billion.
The Debevoise team advising Nornickel was led by London partner James C. Scoville, and included Moscow partner Alan Kartashkin, international counsel Dmitry Karamyslov, and associates Evgenii A. Lebedev, Charles Low and Timur G. Ochkhaev. Tax advice was provided by partner Cécile Beurrier, counsel Huey-Fun Lee and associate Patrick Fasoro.
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