International law firm Simmons & Simmons has advised the Republic of North Macedonia on its €1 billion eurobond offering under Rule 144A and Regulation S, and a concurrent tender offer to buy back outstanding bonds.
The transaction comprised a dual-tranche issuance of two €500 million bonds with 4‑year and 8‑year maturities, respectively.
Part of the proceeds from the issuance will be used to repay a portion of the Republic of North Macedonia’s €700 million eurobond issued in 2020, with the remainder allocated for general budgetary purposes, supporting the country’s medium- to long-term public finance objectives.
The Simmons & Simmons team advising the Republic of North Macedonia on the transaction was led by partners Rory Renshaw and Charles Hawes, providing English and U.S. securities laws advice.
Commenting on the transaction, Rory Renshaw said: “We are delighted to have advised North Macedonia on this very successful 144A/Reg S bond issue and liability management exercise. Congratulations to all involved.”
