Hashim is an associate in the Capital Markets group in London. He advises sovereign, quasi-sovereign and corporate issuers, as well as underwriters and investors, on international cross-border public and private bond offerings (which include equity-linked and project/infrastructure bond transactions), liability management exercises, as well as corporate and sovereign debt restructurings and other distressed situations.
Restructuring and Liability Management
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.
Advised OJSC International Bank of Azerbaijan on the restructuring of approximately U.S.$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 the Kyiv City Council on its debt restructuring operation consisting of various consent solicitations to facilitate the exchange of all its then outstanding 8.00% loan participation notes due 2015 for new 7.50% loan participation notes due 2022.
Advised Ukreximbank and Oschadbank, both state-owned Ukrainian financial institutions, on the reprofiling of their then outstanding U.S.$2.7 billion in aggregate of international capital markets indebtedness.
Infrastructure and Project Bonds
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 Sweihan PV Power Company PJSC, the owner and operator of the Noor Abu Dhabi solar PV plant (the largest single-site solar project in the world), in connection with the refinancing in full of the Noor Abu Dhabi project through the issuance of U.S.$700,800,000 3.625% green senior secured amortising green bonds due 31 January 2049.
Represented TNOG Oil and Gas Limited, a related company of Heirs Holdings Limited and Transnational Corporation of Nigeria Plc, on the multi-platform acquisition financing of a 45% participating interest in Nigerian oil licence OML 17 and related assets from the Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited and ENI, with TNOG Oil and Gas Limited having sole operatorship of the asset, which included the issuance of U.S.$152,000,000 10% unsecured subordinated structured notes due 2028 and U.S.$30,400,000 petroleum economic participation certificates by way of private placement.
Standalone Issuances and Programme Drawdowns
Representation of QatarEnergy, the national oil and gas company of the State of Qatar, on its debut offering of U.S.$1.5 billion 1.375% bonds due 2026, U.S.$3.5 billion 2.250% bonds due 2031, U.S.$3.5 billion 3.125% due 2041 and U.S.$4 billion 3.300% bonds due 2051.
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 U.S.$500 million 4.750% notes due 2025, U.S.$1.25 billion 5.375% notes due 2030 and U.S.$1.5 billion 6.375% notes due 2048 and concurrent tender offer and consent solicitation in respect of JSC NC KazMunayGas' outstanding U.S.$1.5 billion 7.000% notes due 2020, U.S.$1.25 billion 6.375% notes due 2021, U.S.$500 million 4.875% notes due 2025 and U.S.$2 billion 5.750% notes due 2043.
Represented the United Bank for Africa Plc on the establishment of a U.S.$1.5 billion global medium-term note program and issuance thereunder of U.S.$300 million 6.75% senior unsecured notes due 2026 and a concurrent tender offer in respect of United Bank for Africa Plc’s outstanding U.S.$500 million 7.750% notes due 2022.