Latham & Watkins has advised on JSC TBC Bank’s offering of US$300 million 10.25% perpetual subordinated callable additional tier 1 notes and a concurrent tender offer to purchase any and all of its outstanding 5.75% Notes due 2024. The notes were issued pursuant to Regulation S and Rule 144A and were listed on Euronext Dublin. Citigroup and J.P. Morgan acted as the joint bookrunners and joint lead managers in the new offering and the dealer managers in the tender offer. J.P. Morgan also acted as the development finance structuring agent in the new offering.
This was the second debt offering on the international capital markets by a Georgian issuer since the start of 2024, which Latham also advised on.
The Latham team was led by London corporate partners Vladimir Mikhailovsky and David Stewart, with associates Alexander Kartyshev and Clive Wong.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
The advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
