backKing & Spalding advised the syndicate of Joint Lead Managers on Telekom Srbija a.d. Beograd’s landmark $900 million senior notes offering, representing the largest inaugural high-yield bond transaction in the Technology, Media, and Telecommunications sector in Central and Eastern Europe, the Middle East, and Africa since 2014. This offering also marks the largest inaugural single-tranche issuance from a Central and Eastern Europe Corporate since 2011 and is the first Serbian corporate to issue a benchmark Eurobond in the international debt capital markets.
Telekom Srbija a.d. Beograd is a leading telecommunications provider across Serbia, Bosnia and Herzegovina, and Montenegro, continuing its expansion as a major player in the region’s telecommunications industry. King & Spalding advised the Joint Lead Managers, comprising BNP Paribas, BofA Securities, Deutsche Bank, Erste Group, MUFG, Raiffeisen Bank International, and UniCredit.
Capital Markets partner Peter Schwartz and counsel Andro Atlaga led the transaction, which also included associates Riccardo Maggi Novaretti and Valmir Merkaj. Gözde Berkil provided paralegal support.