An Ogier team in Luxembourg led by Fabien Debroise working alongside Nicolas Milles and Caleb Holder has advised Usiminas, a South American based steel producer, on its USD750 million listing of bonds on the Euro MTF of the Luxembourg Stock Exchange.
Ogier's work included the review of documentation from a Luxembourg perspective, the preparation of the application file for listing on the Euro MTF, preparation of corporate approvals, the issuance of a Luxembourg legal opinion for the purchasers, and coordination with the Luxembourg Stock Exchange for the listing.
Fabien said: "The Luxembourg Stock Exchange has a strong market recognition for international issuers. It offers a fast, customer-minded and secure listing process. As the Euro MTF market of the Luxembourg Stock Exchange is outside the scope of the Prospectus and Transparency Obligation Directives of the EU, issuers on the Euro MTF market also benefit from less stringent requirements in comparison to listing on the regulated market. As a result, we are seeing always more enquiries about listing on the Luxembourg Euro MTF."
Skadden, Arps, Slate, Meagher & Flom LLP served as Lead Counsel.