A&O Shearman has successfully advised the joint lead managers in connection with the ESM's latest U.S. dollar bond offering. The ESM has issued USD2bn in notes due 2030. The proceeds from this issuance will be utilized for general operations of the ESM.
The transaction team was led by partner Diana Billik with associate Georges Haddad on U.S. law matters, and counsel Sarah Capella and associate Edoardo Brugnoli on EU and UK law matters.
"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. We were pleased to advise the joint lead managers on this Rule 144A/Regulation S issuance, continuing our role as dealer counsel on all of ESM's USD bond issuances."