Baker & McKenzie Advises Eurasian Development Bank on USD500 Million Eurobond Offering

 

Moscow, Russia, 8 November 2012 – Baker & McKenzie successfully advised the Eurasian Development Bank on its offering of 4.767% Eurobonds due in 2022 in a principal amount of USD500 million under its USD3.5 billion euro medium term notes program.

Oversubscribed 12 times, the issue attracted USD6.3 billion of demand from more than 220 investors. The transaction is EDB’s second-ever international bond issue and achieved an effective spread of 295 bp over 10-year mid-swaps and 303.7 bp over 10-year US Trea