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Clifford Chance advises SIBUR on its benchmark US$500 million Eurobond issue

3 October 2019

Clifford Chance advises SIBUR on its benchmark US$500 million Eurobond issue

Clifford Chance has advised SIBUR on its benchmark US$500 million 3.45% Eurobonds issue due 2024. According to SIBUR's press release, its new Eurobonds were oversubscribed by more than 2.5x with the total demand exceeding $1.3 billion. The Eurobonds were purchased by global investors, more than a half of which were foreign (Russia, 41%; Continental Europe, 26%; Asia and MENA, 15%; the UK, 11%; the USA, 7%).

The Clifford Chance team advising on the matter included partner Arthur Iliev, counsel Evgeny Soloviev and senior associate Ekaterina Makarova in Moscow, and partners John Connolly and Kate Vyvyan, counsel Arthur Levi and associate Russell Harris in London.