Dewey & LeBoeuf has advised State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” (VEB) in connection with the issuance of US$750 million 5.375% Notes due 2017 under its Loan Participation Notes Programme.

Dewey & LeBoeuf’s cross-border team was led by London-based Partner Louise Roman Bernstein, with support from London-based Associates Giles Belsey and Jennifer Buckett and Moscow-based Counsel Alexei Matsuev and Associates Liya Grishaeva and Inna Krutoyarskaya.

Commenting on VEB’s offering, Partner Louise Roman Bernstein said, “We are delighted to continue to work alongside the experienced deal team at VEB, who have succeeded in yet another transaction with smooth execution. It was rewarding to be part of a working group which diligently pursued this issuance to allow VEB to take advantage of the current opportunities in the 144A market.”

BNP Paribas, JP Morgan, Morgan Stanley and RBS were joint lead managers for VEB’s latest offerings of Notes, which were sold in the United States to qualified institutional buyers under Rule 144A and outside the United States under Regulation S.

Dewey & LeBoeuf’s London capital markets team advises on a high volume of debt offerings relating to global investment banking, insurance, energy and major corporate clients active in Europe, Russia/CIS, the Middle East and across Africa.