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News Jun 27, 2017

Shearman & Sterling Advises Globalworth On Initial €550 Million Eurobond Offering

Shearman & Sterling advised Globalworth Real Estate Investment Limited on its Eurobond offering of €550 million 2.875% senior notes due 2022. The proceeds of Globalworth’s inaugural bond offering have been used to refinance existing debt and for general corporate purposes. The notes have been listed on the regulated market of the Irish Stock Exchange and, in addition, are expected to be listed on the Bucharest Stock Exchange.

Globalworth Real Estate Investment Limited is a leading real estate company active in the Southeast Europe and Central and Eastern Europe regions with a primary focus on Romania. 

The Shearman & Sterling team was led by partner Apostolos Gkoutzinis (London-Capital Markets) and included partner Simon Letherman (London-Tax); associates Melanie Probst, Ana Grbec (both London-Capital Markets), Elizabeth Stroud (London-Finance) and Sarah Moir-Porteous (London-Tax); and legal assistant Charoula Makrygianni (London-Capital Markets).