AP Legal has advised Raiffeisen Banka Belgrade on its issuance of MREL-eligible bonds on the Serbian market and their listing on the Belgrade Stock Exchange.
According to AP Legal, "this transaction, which sets [a] new standard for raising MREL-eligible funding in Serbia, attracted significant interest from international financial institutions and local professional investors."
Last year, in 2023, AP Legal advised Raiffeisen Banka Beograd on banking and insurance operations mergers (as reported by CEE Legal Matters on May 30, 2023).
The AP Legal team was led by Managing Partner Aleksandar Preradovic.
AP Legal did not respond to our inquiry on the matter.
Editor's Note: After this article was published, Karanovic & Partners announced that it advised the European Fund for Southeast Europe on its acquisition of the bonds in question. The Karanovic & Partners team included Partner Maja Jovancevic Setka and Associate Dimitrije Ilic.
Additionally, Wolf Theiss announced it advised the IFC on the subscription of RSD 2.3 billion in bonds. The firm's team included Partner Claus Schneider, Counsels Marko Tesanovic, Katarina Stojakovic, and Nikolaus Dinhof-Renezeder, and Associates Katarina Kracun, Rainer Holweg and Sebastian Prakljacic.