This white shoe firm has a lengthy presence in Kazakhstan, having entered the market in 1995. Its capital markets and energy practices have been especially active this year. For example, the firm acted as issuer’s counsel to Halyk Bank on its US$500 ...
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This white shoe firm has a lengthy presence in Kazakhstan, having entered the market in 1995. Its capital markets and energy practices have been especially active this year. For example, the firm acted as issuer’s counsel to Halyk Bank on its US$500 million Eurobond issuance. This was the first Eurobond issuance in the Kazakh commercial banking sector since the global financial crisis.
The firm has also handled several landmark project finance deals in the last year. Partner Aset Shyngyssov acted for the borrowers on the US$700 million financing of the Ekibatuz Power Station in Kazakhstan. The lenders included Russian State Corporation Bank for Development and Foreign Economic Affairs, and Eurasian Bank of Kazakhstan.
Almaty counsel Klara Nurgazieva worked with Moscow partner Jon Hines to advise ONGC Videsh on a partnership with Kazakhstan’s national oil and gas company KazMunayGas. This JV was to develop the Satpaev block in the Caspian Sea, which will yield an estimated 1.6 billion oil barrels. ONGC Videsh is the international projects branch of India’s national oil and gas company, and it will receive a 25% field stake.
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