Appleby’s Jersey team, led by Partner Andrew Weaver and assisted by Associate Zim Ceko, has advised and acted as Jersey counsel to Russian gold-mining company Petropavlovsk and its subsidiary, Petropavlovsk 2010, in respect of the issue of new $125m Guaranteed Convertible Bonds, due 2024 by Petropavlovsk 2010.
The team also advised on consent solicitations required to amend the terms and conditions of existing $100m Guaranteed Convertible Bonds due 2020 issued by Petropavlovsk 2010 and the repurchase of such existing convertible bonds concurrently with the issue of the new convertible bonds.
Appleby assisted with obtaining regulatory approvals from the Jersey Financial Services Commission relating to amendments to the terms and conditions of the existing convertible bonds and the issue of the new convertible bonds.