Herbert Smith has acted as counsel to the Russian state corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, the principal development bank of the Russian Federation, in connection with the offering of US$1 billion 6.025% loan participation notes due 2022 that closed on 5 July 2012. The notes, issued under Vnesheconombank’s existing US$30 billion loan participation notes programme, are listed on the Irish Stock Exchange and were placed in the United States pursuant to Rule 144A under the US Securities Act and outside the United States in reliance on Regulation S. Crédit Agricole, Deutsche Bank, HSBC and J.P. Morgan were the underwriters.
Tags: Herbert Smith Freehills Kramer LLP | Moscow
