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Debevoise Advises Polyus Gold on Another Eurobond Offering

Debevoise Advises Polyus Gold on Another Eurobond Offering

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The Moscow and London offices of Debevoise & Plimpton have advised longstanding client Polyus Gold International Limited on a USD 800 million Eurobond offering due 2023 with a coupon of 5.25% per annum. The Notes were offered inside the United States to qualified institutional buyers under Rule 144A and outside the United States to buyers under Regulation S.

The issue is the largest non-investment grade bond issuance in Russia since 2013.

Polyus Gold is the largest gold producer in Russia and one of the top 10 gold miners globally by ounces produced. The company holds the fourth largest mineral resources base in the world.

Debevoise has advised Polyus Gold on a number of significant capital market transactions in recent years. The firm advised on Polyus Gold’s debut Eurobond issuance in 2013. Most recently, the firm also advised Polyus Gold on a separate USD 500 million Eurobond offering in October 2016 (as reported by CEE Legal Matters on November 3, 2016).

The Debevoise team advising on the issuance was led by Moscow Partner Natalia Drebezgina and London Partner James Scoville. The team also included International Counsel Vera Losonci, Counsel Huey-Fun Lee, and Associates Laurence Hanesworth, Timur Ochkhaev, Daria Serebrova, and Elena Sevastianova. Tax advice was provided by London Partner Richard Ward, as well as International Counsel Cécile Beurrier and Associate Ellie Mends.

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Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru


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