Greg Pospodinis
Biography
Overview
Greg is a local partner in the Capital Markets practice currently based in our UAE offices.
His experience includes advising a wide variety of clients acting in trustee or agency roles on complex finance and capital markets transactions including structured debt, Eurobonds, infrastructure and asset finance and leveraged finance. Greg's transaction experience covers various jurisdictions, including Europe, the GCC, Africa and Asia. He also advises depositaries in relation to global depositary receipts (GDRs) and associated custody arrangements.
In additional to conventional trustee and agency advice, Greg has developed a specialism advising clients acting in delegate and agency roles on Islamic finance transactions.
Experience
Goldman Sachs International on an up to US$150 million warehouse securitisation of buy now, pay later receivables originated by Nakhla for Information Technology Systems LLC (Tamara) in Saudi Arabia. This was a first of a kind structured finance transaction in the Middle East.
Represented The Bank of New York Mellon as Depositary on the Romgaz Initial Public Offering, being the first ever Global Depositary Receipt facility originated in Romania. This was followed up by a similar offering by Electrica S.A., on which he again represented The Bank of New York Mellon.*
Represented Citibank N.A., London Branch and Citicorp Trustee Company Limited in their roles as Paying Agent, Account Bank and Delegate on a Islamic structured trade finance facility for Pakistan International Airlines (PIA). This transaction used an innovative services ijara concept based on purchase and distribution of airline seats.*
Advised The Bank of New York Mellon as delegate on a US$2 billion trust certificate issuance programme and the inaugural issuance thereunder for Ooredoo Q.S.C. This transaction represented the first use in the Middle East of mobile communications airtime as an asset to back sukuk.*
Acted for Wilmington Trust (London) Limited as Security Agent on a $7.2bn debt restructuring for CEMEX. This transaction involved advising Wilmington Trust on a complex security package and intercreditor arrangement which spanned several classes of creditors and CEMEX assets and group companies spanning the globe.*
Represented Deutsche Bank AG, London Branch in its roles as Account Bank, Principle Paying Agent, Cash Manager and Calculation Agent, as well as Deutsche Trustee Company Limited as Security Trustee and Bond Trustee on several DECO CMBS transactions.*
* Transactions while at a previous firm
