• Representing the dealer manager in connection with a tender offer and consent solicitation relating to US$200 million 8.75% Notes due 2010 issued by Interpipe Limited;
• Representing ING and ABN AMRO as joint lead managers of Interpipe Limited’s guaranteed US$200 million 8.75% Notes due 2010 listed on the Luxembourg Stock Exchange;
• Representing UBS and Dresdner as joint lead managers of RSHB Capital S.A.’s CHF375 million 3.583% Loan Participation Notes due 2010 listed on the SWX Swiss Exchange;
• Representing ING as the lead manager of Bank Soyuz’s debut US$125 million 9.375% Loan Participation Notes due 2010 listed on the London Stock Exchange;
• Representing OJSC Bank Petrocommerce on its US$300 million 8.75% Loan Participation Notes due 2009 lead managed by ING and Merrill Lynch;
• Representing the depositary on a US$1billion Regulation S/Rule 144A public offering of Comstar UTS in the form of GDRs listed on the London Stock Exchange and local shares;
• Representing the depositary on a US$609 million Regulation S/Rule 144A public offering of Novolipetsk Steel in the form of GDSs listed on the London Stock Exchange and local shares;
• Representing internet and media company, Rambler Media Limited, as issuer on its US$40 million IPO on AIM;
• Representing pharmacy chain 36.6 on its international private placement; and
• Representing a US depositary bank on sponsored and unsponsored depositary receipts programmes.

Banking Transactions

• Representing Citibank on a US$45 million OPIC-guaranteed facility for a Russian company;
• Representing a UK bank on a US$80 million syndicated facility for a Turkish company to finance a power station project; and
• Representing Abbey National on trades with its UK and US loan portfolios.