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New Eurobond within this year? Finance announces the company "Dechert LLP" as Legal Consultant

2024-10-23 13:46:57Biznes SHKRUAR NGA REDAKSIA VOX

New Eurobond within this year? Finance announces the company "Dechert

The Ministry of Finance is planning the possible issuance of a new Eurobond in the remaining months of this year. Recently, it has announced the winner of the proposal presented by the company Dechert LLP, selecting it as the legal consultant that will provide the legal consulting service in the seventh issuance of a Eurobond of 650 million euros.

After reviewing all proposals submitted by legal consultants from October 10 to October 16, Dechert LLP with expertise in English law and United States securities law was deemed the best company to offer this legal consultancy.

Meanwhile, in the Annual Borrowing Plan published at the beginning of this year, the Ministry of Finance has stated in advance that in the event that market conditions during 2024 will be favorable, the possibility of advancing in time with the issuance during the 2024 budget year is not excluded. of a new Eurobond, which is foreseen in the budget year 2025.

During the last year, Albania issued the sixth Eurobond in 13 years, with a value of 600 million euros. The first Eurobond issued by the Albanian government was in 2010, with an amount of 300 million euros, a 7.5% coupon, a 7.625% yield and a 5-year maturity. This debt is already closed. The second exit was in 2015, with a Eurobond of 450 million euros, and in 2018, the third exit to the international markets to obtain debt was marked.

In 2020, the Ministry of Finance issued a Eurobond of 650 million euros and a year later, in 2021, the fifth Eurobond was issued, with conditions and value almost identical to that of 2020.


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