White & Case Advises on Groundbreaking Russian Regulatory Capital Transaction
Global law firm White & Case LLP has acted on the first Tier II subordinated bond issue by a Russian bank following the introduction of the Central Bank of Russia's latest rules on subordinated capital which adopt the Basel III requirements.
White & Case acted for HSBC, Raiffeisen Bank International and the Royal Bank of Scotland, as lead managers, and for HSBC as sole structuring adviser, in connection with the issuance of US$500 million 5.5 years subordinated Tier II Eurobonds for Credit Bank of Moscow (CBoM).
"Our deep experience in both corporate and regulatory matters allows us to bring important landmark deals like this to market," said White & Case partner, Doron Loewinger. "We are very proud of our long history in the region of advising on market-firsts such as this transaction. Clients regularly turn to us to support them when navigating the complexities of developing new products because of our deep bench of experts used to working on this type of ground-breaking deal."
The White & Case Deal team for CBoM was led by partners Doron Loewinger and Stuart Matty, supported by London associates Melanie Davies, and Chris Horte and by Moscow based counsel Dmitry Lapshin and associates Anton Kudachkin and Julia Borisova.
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