White & Case LLP - News - White & Case Leads Market for Sovereign Bond Issues

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White & Case Leads Market for Sovereign Bond Issues

London, Moscow, Prague, Bratislava, November 8, 2010 ... Global law firm White & Case LLP has advised the Republic of Albania on its debut €300 million sovereign bond issue, which closed on 4 November. Deutsche Bank and J.P. Morgan were Joint Lead Managers. The deal was the latest in a long line of sovereign bond issuances the Firm has advised on, particularly in emerging markets in Eastern Europe and Africa.

"After some uncertainty in the international sovereign bond markets earlier this year, primarily due to concerns about Greek sovereign debt, we have seen an upswing in activity as sovereigns have looked to raise funds for spending programmes and to invest, post-global economic crisis," said Carter Brod, a Moscow-based White & Case partner who advised the Albanian Ministry of Finance on the issue.

White & Case has worked on several Eastern European sovereign bond issues in recent months, including:

Advising Deutsche Bank and Credit Suisse as joint lead managers on a debut €200 million sovereign Eurobond issue by Montenegro.
Advising the Republic of Belarus on its debut US$1 billion Eurobond offering, which issued in two tranches.
Advising the joint lead managers, Barclays Capital and Citi, on a €2 billion Eurobond offering by the Czech Republic.
Advising the Slovak Republic on a €1.5 billion Eurobond issue.
Advising the managers, HSBC, Société Générale, Tatra Banka and UniCredit on €2 billion Eurobond issue by the Slovak Republic.
Advising Lithuania on a US$2 billion Eurobond offering and a US$750 million Eurobond offering.

"Eastern Europe is proving an attractive region for investors, with recent bonds pricing well," said Stuart Matty, a London-based White & Case partner and global head of the Firm's sovereign practice, who acted on the bond issue for Montenegro, as well as advising on several African bond issues. "The Firm is well-placed to act on these types of deals both because of our extensive expertise in advising sovereigns and our long involvement in many of the emerging countries which are issuing these bonds."

The Firm has also had significant experience advising sovereigns on bond issues in Africa, including:

Currently advising Nigeria on its debut sovereign bond.
Acting for J.P. Morgan as Dealer Manager on the exchange offer and consent solicitation for Ivory Coast's outstanding Brady Bonds.
Advising on a US$200 million Eurobond offering by the Republic of Senegal.

White & Case has extensive sovereign experience, having worked with over 60 sovereign nations over the past 30 years. Other sovereigns on whose Eurobond offerings the Firm has acted include Mongolia, Macedonia, Poland, Ukraine, Costa Rica and Indonesia, among others.

About White & Case
White & Case LLP is a leading global law firm with 36 offices in 25 countries. Among the first US-based law firms to establish a truly global presence, we provide counsel and representation in virtually every area of law that affects cross-border business. Our clients value both the breadth of our global network and depth of our US, English and local law capabilities in each of our regions and rely on us for their complex cross-border transactions, arbitration and litigation provided by our global practices.

Contact:
Charlotte McCubbin
Media Relations Executive
+ 44 20 7532 2852

	Press Releases
Expertise Capital Markets Lawyers Stuart Matty Locations London Moscow Prague Bratislava	White & Case Leads Market for Sovereign Bond Issues London, Moscow, Prague, Bratislava, November 8, 2010 ... Global law firm White & Case LLP has advised the Republic of Albania on its debut €300 million sovereign bond issue, which closed on 4 November. Deutsche Bank and J.P. Morgan were Joint Lead Managers. The deal was the latest in a long line of sovereign bond issuances the Firm has advised on, particularly in emerging markets in Eastern Europe and Africa. "After some uncertainty in the international sovereign bond markets earlier this year, primarily due to concerns about Greek sovereign debt, we have seen an upswing in activity as sovereigns have looked to raise funds for spending programmes and to invest, post-global economic crisis," said Carter Brod, a Moscow-based White & Case partner who advised the Albanian Ministry of Finance on the issue. White & Case has worked on several Eastern European sovereign bond issues in recent months, including: Advising Deutsche Bank and Credit Suisse as joint lead managers on a debut €200 million sovereign Eurobond issue by Montenegro. Advising the Republic of Belarus on its debut US$1 billion Eurobond offering, which issued in two tranches. Advising the joint lead managers, Barclays Capital and Citi, on a €2 billion Eurobond offering by the Czech Republic. Advising the Slovak Republic on a €1.5 billion Eurobond issue. Advising the managers, HSBC, Société Générale, Tatra Banka and UniCredit on €2 billion Eurobond issue by the Slovak Republic. Advising Lithuania on a US$2 billion Eurobond offering and a US$750 million Eurobond offering. "Eastern Europe is proving an attractive region for investors, with recent bonds pricing well," said Stuart Matty, a London-based White & Case partner and global head of the Firm's sovereign practice, who acted on the bond issue for Montenegro, as well as advising on several African bond issues. "The Firm is well-placed to act on these types of deals both because of our extensive expertise in advising sovereigns and our long involvement in many of the emerging countries which are issuing these bonds." The Firm has also had significant experience advising sovereigns on bond issues in Africa, including: Currently advising Nigeria on its debut sovereign bond. Acting for J.P. Morgan as Dealer Manager on the exchange offer and consent solicitation for Ivory Coast's outstanding Brady Bonds. Advising on a US$200 million Eurobond offering by the Republic of Senegal. White & Case has extensive sovereign experience, having worked with over 60 sovereign nations over the past 30 years. Other sovereigns on whose Eurobond offerings the Firm has acted include Mongolia, Macedonia, Poland, Ukraine, Costa Rica and Indonesia, among others. About White & Case White & Case LLP is a leading global law firm with 36 offices in 25 countries. Among the first US-based law firms to establish a truly global presence, we provide counsel and representation in virtually every area of law that affects cross-border business. Our clients value both the breadth of our global network and depth of our US, English and local law capabilities in each of our regions and rely on us for their complex cross-border transactions, arbitration and litigation provided by our global practices. Contact: Charlotte McCubbin Media Relations Executive + 44 20 7532 2852