Clifford Chance has advised X5 Retail Group, a Russian food retailer, on its debut issue of RUB 20 billion guaranteed notes. Latham & Watkins advised the banks on the issuance.
According to Clifford Chance, the Eurobond issue is "the largest ruble-denominated issue since the re-opening of international capital markets for Russian issuers in the second half of 2016."
The Clifford Chance team in Moscow consisted of Partners Arthur Iliev and Alexander Anichkin, Counsel Evgeny Soloviev, Senior Associate Dmitry Tolkachev, and Associate Ekaterina Makarova. The firm's London team included Partner David Dunnigan, Senior Associate Eric Green, and Lawyer Clara Gold, and the Amsterdam team included Partner Jurgen van der Meer, Senior Counsel Willem Specken, and Associates Nolan Groenland and Alexander Freund.