IFLR1000

Hrvatska Elektroprivreda $550 million tender offer and new issue

22/10/2015
Bond/note buyback
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$ 550 million

Completed

22/10/2015

Overview:

  • Hrvatska Elektroprivreda - a national power company in Croatia - completed a tender offer for its outstanding $550 million 6% notes due 2017 and concurrent issue of $550 million 5.875% notes due 2022.
  • The company managed to get tenders for 83% of the outstanding notes.
  • Banca IMI, Morgan Stanley & Co International and UniCredit Bank acted as joint lead managers for the issue.
  • Deutsche Trustee Company served as trustee.

Jon Moore - Journalist

Jurisdictions:

Luxembourg
Croatia

Deal type:

Bond/note buyback

Practice area:

Capital markets : Debt

Governing laws:

England and Wales
United States
Croatia

Industry sector:

Energy

Firms:
Latham & Watkins

Party: Banca IMI (Lead manager)

Party: Morgan Stanley & Co International (Lead manager)

Party: Unicredit Bank (Lead manager)

Party: Deutsche Trustee Company (Trustee)

Mamić Perić Reberski Rimac

Party: Hrvatska Elektroprivreda (Issuer)

Šavorić & Partners

Party: Banca IMI (Lead manager)

Party: Morgan Stanley & Co International (Lead manager)

Party: Unicredit Bank (Lead manager)

Party: Deutsche Trustee Company (Trustee)

White & Case

Party: Hrvatska Elektroprivreda (Issuer)

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