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Arnold & Porter Closes $8 Billion of Sovereign Finance Deals for Hungary and Turkey

September 29, 2021

Arnold & Porter advised Hungary on the issuance of $2.25 billion Notes due 2031, $2 billion Notes due 2051 and €1 billion notes due 2028. The deal closed on September 21, 2021. The Notes are governed by English law and will be listed on the London Stock Exchange.

The Arnold & Porter team was led by partners Whitney Debevoise, who co-heads the Sovereign Finance practice, Jeremy Willcocks and David Sausen and included counsel, Carlos Pelaez, and associates Mateo Morris, Valentina Garzon, and Kardia Leung.

Arnold & Porter also represented the Republic of Turkey in the issuance of $750 million of Notes due 2028 and $1.5 billion of Notes due 2033. The deal closed on September 20, 2021. The Notes are governed by New York Law and were placed in an SEC-registered offering. The firm has represented Turkey in global finance matters for more than 20 years.

The Arnold & Porter team was led by partner Christopher Peterson, who co-heads the firm’s Capital Markets practice, and included associates Eric An, Brady Randall and Sara Kim.

This announcement appears as a matter of record only and does not constitute an offer to sell or an invitation to buy any securities mentioned.