On 27 June 2016 Moscow Exchange included US$150 million LPNs issued by SovCom Capital D.A.C. into Level 3 list. The coupon is set at 9%, notes maturing in 2020. The notes are intended for qualified investors only - the first precedent in the Russian market.
LECAP Law Firm provided full legal support in relation to the admission procedure, including drafting supporting documentation and cooperation with the foreign counsel and Moscow Exchange. Project team included Elizaveta Turbina and Michael Mallinovskiy, LECAP parners, and Kirill Grishin, senior associate.
The project is one of only a few projects involving admission of bonds issued by a foreign company and governed by foreign law to trading in the Russian Federation.
For further information please visit Moscow Exchange website.