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Deals & Transactions

Conyers advises Sberbank of Russia on US$3.2 billion loan facility

May 2013

Conyers Dill & Pearman’s Claire McConway advised Sberbank of Russia on the Bermuda law aspects of a US$3.2 billion loan to Altimo Coöperatief U.A. for the purpose of (amongst other things) paying the premium for conversion of the borrower’s preferred shares in Vimpelcom Ltd., a Bermuda company with ADRs traded on the New York Stock Exchange. The loan was secured by a charge over the borrower’s shares in Vimpelcom Ltd.



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