Baker & McKenzie Advises Eurasian Development Bank on USD500 Million Eurobond Offering


Moscow, Russia, 8 November 2012 – Baker & McKenzie successfully advised the Eurasian Development Bank on its offering of 4.767% Eurobonds due in 2022 in a principal amount of USD500 million under its USD3.5 billion euro medium term notes program.

Oversubscribed 12 times, the issue attracted USD6.3 billion of demand from more than 220 investors. The transaction is EDB’s second-ever international bond issue and achieved an effective spread of 295 bp over 10-year mid-swaps and 303.7 bp over 10-year US Treasury notes.

“We were delighted to represent EDB on this highly successful bond offering, as witnessed by the impressive demand from investors and pricing,” said Baker & McKenzie Moscow partner Roy Pearce.

The Firm’s team was led by Roy Pearce alongside Moscow partner Simon H.P. Morgan, London partner Adam Farlow and Almaty partner Alexander Korchagin, with support from associates Dmitry Dembich and Maxim Khrapov in Moscow, as well as Laura Bentham and Sahar Kianfar in London.

The Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission of facilitating the development of market economies, sustainable economic growth and the expansion of mutual trade and other economic ties among its member states. The EDB’s charter capital exceeds USD1.5 billion. The member states of the Bank are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan.

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