Recent Work Highlights
Whilst much of the work we undertake is confidential, these are examples of some of the high-profile projects we have been involved with recently.
Bond issue of €100,000,000, by Safe Bulkers PLC
Our Firm acted as Cyprus counsel for the Joint Coordinators and Bookrunners (Piraeus Bank, Alpha Bank S.A. and Euroxx Securities S.A.), regarding the issue and listing by Cyprus company, Safe Bulkers PLC's, of €100,000,000 bonds on the Athens Stock Exchange guaranteed by Safe Bulkers Inc (an international shipping company listed on the NYSE). This was the third group in the shipping sector to issue bonds in the Greek market after Costamare Participations PLC and CPLP Shipping Holdings PLC in 2021.
The project was led by our Founding Partner, Elena Ioannides.
February 2022
Bond issue of €100,000,000, by CPLP Shipping Holdings PLC
Our Firm acted as Cyprus counsel for the Joint Coordinators and Bookrunners (Piraeus Bank, Alpha Bank S.A. and Euroxx Securities S.A.), in relation to the issue by CPLP Shipping Holdings PLC (Cyprus) of €100,000,000 bonds issued and listed on the Athens Stock Exchange and guaranteed by Capital Product Partners L.P, an international shipping company engaged in the transportation of natural gas, containerized good and dry cargo by sea, listed on the NASDAQ.
The listing of the bonds on the Athens Stock Exchange marks the second successful bond issuance by CPLP in less than a year and received a very positive response from investors having been oversubscribed by 3.5 times. The project was led by our Founding Partner, Elena Ioannides.
July 2022
Bond issue of €150,000,000, by CPLP Shipping Holdings PLC
Our Firm acted as Cyprus counsel for the Joint Coordinators and Bookrunners (Piraeus Bank, Alpha Bank S.A. and Euroxx Securities S.A.), in relation to the issue by CPLP Shipping Holdings PLC (Cyprus) of €150,000,000 bonds issued and listed on the Athens Stock Exchange and guaranteed by Capital Product Partners L.P. listed on the NASDAQ.
This was only the second group in the shipping sector to issue bonds in the Greek market after Costamare Participations PLC earlier in 2021.
The project was led by our Founding Partner, Elena Ioannides.
November 2021
€100,000,000 bond issue by Costamare Participations PLC
Our Firm was appointed as Cyprus counsel for the Joint Coordinators and Bookrunners (Piraeus Bank, Alpha Bank S.A. and Euroxx Securities S.A.), in relation to the issue by Costamare Participations PLC (Cyprus) of €100,000,000 bonds issued and listed on the Athens Stock Exchange and guaranteed by Costamare Inc which is listed on the NYSE.
This issue was the first ever bond issuance in the shipping industry in Greece and the first ever bond issued by a non-Greek entity (a Cypriot entity) listed on the Athens Stock Exchange.
The project was led by our Founding Partner, Elena Ioannides.
May 2021