A&O Shearman Advised Joint Lead Managers On ESM’s USD 2 Billion Bond Offering

A&O Shearman advised joint lead managers on ESM’s USD 2 billion bond offering

A&O Shearman acted for the joint lead managers in connection with the European Stability Mechanism’s (“ESM”) latest U.S. dollar bond offering. The ESM issued USD 2 billion in notes due 2030, with proceeds intended for general operations.

“ESM is a benchmark supranational borrower in the U.S. dollar market. This transaction underscores the continued depth of USD demand for high-quality sovereign, supranational, and agency issuers. Advising the joint lead managers on this Rule 144A/Regulation S issuance continues A&O Shearman’s role as dealer counsel on all of ESM’s USD bond issuances,” said Diana Billik, lead partner on the transaction.

The A&O Shearman  team was led by Diana Billik (Partner), with Georges Haddad (Associate) on U.S. law matters, and Sarah Capella (Counsel) and Edoardo Brugnoli (Associate) on EU and UK law matters.

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