Capital Markets

OMNI is active in the nascent Azerbaijani capital markets, having advised lead managers in 2 Eurobond issuances (by a sovereign and a commercial bank). Representative list of matters includes:

• acting as a local counsel to Deutsche Bank and Citigroup (joint managers) in connection with an inaugural sovereign Eurobond issuance;

• acting as a local counsel to a global investment bank (sole manager) in connection with a Eurobond issuance by an Azerbaijani commercial bank (first capital markets deal out of Azerbaijan);

• representing a major investment bank in connection with acquisition of secured bonds issued by a leading local corporate, including advice on structuring, transaction documentation etc;

• advising a leading foreign bank in connection with purchase of state issued bonds, including advice on custodian and broker arrangements;

• advising a leading foreign bank in connection with GMRA documentation under Azerbaijani law;

• advising Caspian International Investment Company (a joint investment company between Islamic Development Bank and stated-owned Azerbaijan Investment Company) in connection with capital increase through subscriptions by new investors.

As a part of our transactional work we regularly advise and represent lenders and acquirers in connection with taking security over locally issued securities.