NBN Co’s USD2 Billion Notes Offering Under Its Global Medium Term Programme

NBN Co's USD2 Billion Notes Offering Under Its Global Medium Term Programme

Allen & Overy has advised NBN Co on the establishment of its USD50 billion Global Medium Term Note programme and the inaugural USD2 billion issuance under the programme.

The issuance comprised two series – a five-year, fixed rate bond of USD750 million and a 10-year fixed rate bond of USD1.25 billion.

Wholly owned by the Australian government, NBN Co built, owns and operates the National Broadband Network (NBN), Australia’s high speed wholesale internet access network.

Allen & Overy acted as sole issuer’s counsel to NBN Co, providing Australian, English and US law advice with a Sydney-based team led by Mark Leemen  (Picture) alongside partners Karolina Popic and Minesh Patel, senior associate Matthew Lim, and lawyers Thomas Pertsoulis and Vivienne Zhang.

The team was also supported by regulatory partner Peter McDonald and associate Lachlan Shelley, and tax partner Ka Sen Wong.

Involved fees earner: Mark Leemen – Allen & Overy; Matthew Lim – Allen & Overy; Peter McDonald – Allen & Overy; Minesh Patel – Allen & Overy; Thomas Pertsoulis – Allen & Overy; Karolina Popic – Allen & Overy; Lachlan Shelley – Allen & Overy; Ka Sen Wong – Allen & Overy; Vivienne Zhang – Allen & Overy;

Law Firms: Allen & Overy;

Clients: NBN Co;

Author: Sonia Carcano