Global law firm White & Case LLP has advised the Ministry of Finance of the Republic of Uzbekistan on the establishment of its Global Medium Term Note Programme and inaugural Reg S/Rule 144A dual-tranche US$1 billion bond offering.
"We have advised the Republic of Uzbekistan on its debut bond, a landmark deal for the country which should help pave the way for further Uzbek issuers to access the international debt markets," said White & Case partner Melissa Butler, who led the Firm's deal team.
Scott Hershman, White & Case Office Executive Partner in Tashkent, said: "White & Case has strong and long established relationships with our Uzbek clients, and this significant transaction adds to our strong track record of supporting private sector organisations, state-owned entities and state agencies on their most important, complex, cross-border deals and disputes."
White & Case partner Carolyn Lamm, a member of the Firm's Washington, DC disputes team that has advised Uzbek clients and foreign investors on international arbitration and trade matters since the early 1990s, said: "Uzbekistan has made a notable and successful entry into the international capital markets, and White & Case will continue to support the country's strategic goals."
Citigroup, Gazprombank and J.P. Morgan acted as Arrangers and Permanent Dealers.
The White & Case team which advised on the transaction was led by partners Melissa Butler and Stuart Matty (both London) with support from associates James Clarke, Jessica Oliver (both London) and Yulia Akulinina (Moscow).
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