02
Mon, Dec
34 New Articles

King & Spalding, Clifford Chance, and Gecic Law Advise on Telekom Srbija's USD 900 Million Senior Notes Offering

Serbia
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

King & Spalding has advised the syndicate of joint lead managers on Telekom Srbija Beograd’s USD 900 million senior notes offering. Gecic Law, working with Clifford Chance, advised Telekom Srbija.

Telekom Srbija is the state-owned telecommunications company of Serbia.

According to King & Spalding, "this offering also marks the largest inaugural single-tranche issuance from a Central and Eastern Europe corporate since 2011 and is the first Serbian corporate to issue a benchmark Eurobond in the international debt capital markets" and is also "the largest inaugural high-yield bond transaction in the technology, media, and telecommunications sector in Central and Eastern Europe, the Middle East, and Africa since 2014."

According to Gecic Law, "listed on the Dublin Euronext Exchange, Telekom Srbija’s bond offering was met with overwhelming global investor interest, signaling deep trust in the company’s innovative corporate strategy. This groundbreaking deal empowers Telekom Srbija to reinforce its investment capabilities and expand its infrastructure, demonstrating the solid confidence prominent international investors place in the Group’s visionary growth under its dynamic leadership."

The King & Spalding team included Partner Peter Schwartz, Counsel Andro Atlaga, Associates Riccardo Maggi Novaretti and Valmir Merkaj, and Paralegal Gozde Berkil.

The Clifford Chance team was led by London-based Partners Drew Rundus and Paul Deakins and Included Brussels-based Partner Anastasios Tomtsis.

The Gecic Law team included Partners Bogdan Gecic, Ognjen Colic, and Miodrag Jevtic, Counsels Milos Petakovic and Nemanja Sladakovic, Senior Associates Vuk Lekovic and Zarko Popovic, and Associates Vasilije Boskovic, Nikola Ivkovic, and Marko Jovic.

Editor's Note: After this article was published, CMS announced that it advised the banks alongside King & Spalding, including Bank of America, BNP Paribas, Deutsche Bank, Erste Group, MUFG Bank, Raiffeisen Bank International, and UniCredit. The firm's team included Partners Milica Popovic, Radivoje Petrikic, and Marija Tesic, Senior Lawyers Ksenija Boreta and Jovana Bingulac, and Lawyer Milica Tomic.

Additionally, Karanovic & Partners announced it advised the joint lead managers on the legal framework guiding derivative transactions with corporates in Serbia, including the negotiation and execution of ISDA Master Agreements with Telekom Srbija Beograd. The firm's team included Partner Katarina Guduric and Senior Associate Marija Vicic Simic.

Gecic Law at a Glance

Committed to redefining a law firm's role in an emerging regional market, Gecić Law is a full-service law firm that advises international and local clients from the public and private sectors in navigating the complex legal landscape of the region across multiple practice areas. Members of the Gecić Law team have graduated from leading universities in the US and Europe. They have extensive local and international experience, with a particular focus on EU regulatory frameworks and international trade and a proven track record in providing innovative and practical solutions in the most complex of matters.

Gecić Law is an exclusive member of two leading global alliances, TerraLex and TAGLaw, extending its international footprint. The firm and its lawyers have continuously been recognized in several practice areas by elite global directories, including The Legal 500, Chambers and Partners and Benchmark Litigation. Gecić Law was named Law Firm of the Year: South Eastern Europe 2021 and Law Firm of the Year: Eastern Europe and the Balkans 2020 at The Lawyer European Awards and was repeatedly nominated in other practice areas.

For more details, please visit geciclaw.com.