Clifford Chance advises on successful bond issuances by Citadele banka totalling €350 million

Global law firm Clifford Chance has advised Citigroup Global Markets Europe AG, Morgan Stanley Europe SE, UniCredit Bank GmbH and Citadele banka on Citadele’s €300 million senior unsecured bond issuance.

The transaction marks a significant milestone for Citadele, reflecting strong investor confidence and robust demand across European capital markets. The issuance attracted substantial interest from institutional investors, with the order book significantly oversubscribed.

Clifford Chance subsequently advised Morgan Stanley Europe SE on Citadele’s €50 million additional tier 1 temporary write down notes issuance which attracted an exceptionally strong orderbook of which was also heavily oversubscribed.

The transactions reinforce Citadele’s position as a leading financial institution in the Baltics and highlights the increasing sophistication and maturity of the region’s capital markets. The successful issuances are expected to pave the way for future activity in the sector and may serve as a benchmark for similar institutions.

The Clifford Chance team is led by partner Matt Fairclough and senior associate Nigel Leong.

Clifford Chance has a strong track record advising on capital markets transactions across Central and Eastern Europe, including recent work on sovereign and corporate issuances in Latvia, Lithuania, and Poland.