Debevoise & Plimpton LLP has advised longstanding client PJSC MMC Norilsk Nickel (“Nornickel”) in its $500 million Eurobond offering due 2026 with a coupon rate of 2.80% per annum.

Nornickel is a diversified mining and metallurgical company, the world's largest producer of palladium and high-grade nickel and a major producer of platinum and copper. The company also produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium, sulphur and other products.

Debevoise has previously advised Nornickel on a number of similar finance and capital market matters, including in seven previous Eurobond offerings totaling $5.5 billion.

The Debevoise team advising Nornickel was led by London partner James Scoville, and included Moscow partner Alan Kartashkin, international counsel Dmitry Karamyslov, and associates Bogdan Eremyan, Evgenii Lebedev and Timur Ochkhaev. Tax advice was provided by partner Cécile Beurrier and international counsel Patrick Fasoro.