Hashim Eltumi

Associate, London

Biography

Overview

Hashim is an associate in the Firm's Capital Markets group in London. His experience includes representing sovereign, quasi-sovereign and corporate issuers, as well as international underwriters, on a variety of cross-border debt capital markets transactions including public and private debt offerings and liability management exercises, with a particular focus on sovereign and corporate debt restructurings.

Bars and Courts
England and Wales
Education
LLB, GDL and LPC
University of Law
BA
History
School of Oriental and African Studies
Languages
English
Arabic

Experience

Represented the Ministry of Economy and Finance of the Republic of Mozambique in connection with the restructuring of U.S.$1.8 billion of external public and publicly guaranteed debt.

Advised Oi S.A., one of Brazil's largest integrated telecommunications enterprises, on the restructuring of its English law governed bonds as part of its U.S.$20 billion debt restructuring operation, the largest-ever in Latin America.

Representation of Deutsche Bank, Standard Chartered Bank and ICBCI as arrangers and dealers on the establishment by the Republic of Angola of a global medium-term note program and subsequent U.S.$3 billion dual tranche drawdown thereunder.

Advised Nord Stream AG, the Switzerland-based owner and operator of offshore gas pipelines between Russia and Germany, on its investment-grade €628 million senior secured notes by way of indirect issuance structure, refinancing certain bank facilities under its multi-source financing platform.

Represented the Kyiv City Council on its debt restructuring operation consisting of various consent solicitations to facilitate the exchange of all outstanding 8.00% loan participation notes due 2015 for new 7.50% loan participation notes due 2022.

Advised OJSC International Bank of Azerbaijan on the restructuring of approximately US$3.4 billion of its financial indebtedness by way of an exchange for U.S.$2.27 billion in new direct sovereign obligations issued by the Ministry of Finance of the Republic of Azerbaijan and U.S.$1 billion in new debt securities issued by OJSC International Bank of Azerbaijan.

Represented Ukreximbank and Oschadbank, both state-owned Ukrainian financial institutions, on the reprofiling of their then outstanding U.S.$2.7 billion international capital markets indebtedness.

Advised J.P. Morgan, UBS, Halyk Finance, Citigroup and MUFG as joint arrangers, managers and dealer managers on the update of JSC NC KazMunayGas' US$10.5 billion global medium-term note programme and issuance thereunder of US$500 million 4.750% notes due 2025, US$1.25 billion 5.375% notes due 2030 and US$1.5 billion 6.375% notes due 2048 and tender offer and consent solicitation in respect of JSC NC KazMunayGas' outstanding US$1.5 billion 7.000% notes due 2020, US$1.25 billion 6.375% notes due 2021, US$500 million 4.875% notes due 2025 and US$2 billion 5.750% notes due 2043.

Represented Deutsche Bank, Natixis, Standard Chartered Bank, JPMorgan and BNP Paribas, as Joint Lead Managers and Dealer Managers, in relation to the tender offer in respect of Côte d'Ivoire's 2024 and 2032 Notes and dual-tranche offering of U.S.$1.25 billion amortising notes due 2033 and €625 million notes due 2025.

Advised the Sponsors on structuring internationally privately placed notes as part of a U.S.$2 billion acquisition financing of an energy project.