Joshua Pileggi

Joshua-Pileggi

Joshua Pileggi

Associate

Dubai | Unit 501, Level 5, Precinct Building 2, Dubai International Financial Centre, PO Box 506675, Dubai, United Arab Emirates
+ 971 4425 6361 | +971 4 425 6301

Moscow | Dechert Russia LLC, ul. Gasheka 7 str. 1, Moscow, Россия 123056
+7 499 922 11 00 | +7 499 922 11 11

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Joshua Pileggi focuses his practice on cross-border capital markets and corporate finance. Mr. Pileggi has specialised emerging-markets knowledge, notably in Russia/CIS and the Middle East.

Mr. Pileggi handles a range of debt capital markets transactions (including loan participation notes, guaranteed notes, MTN programmes, hybrid debt/equity instruments, regulatory capital and ECP programmes), Islamic finance (sukuk), equity transactions and liability management.

His transaction experience includes complex structured products and extensively-negotiated emerging-markets covenant packages. He has advised both underwriters and issuers in connection with listings on major international stock exchanges, including London, Ireland, NASDAQ Dubai, Switzerland, Singapore, Hong Kong and Luxembourg.

Prior to joining Dechert, Mr. Pileggi was a managing associate in the capital markets practice of a major international law firm, including time in Moscow, London and Dubai where he gained broad international capital markets experience across numerous jurisdictions and regions.

Experience
  • Establishment of the DP World Limited U.S.$3,000,000,000 Trust Certificate (sukuk) Issuance Programme based on a capacity structure and the issue of U.S.$1,200,000,000 Trust Certificates due 2023 thereunder (Rule 144A/Regulation S).
  • Issue by Abu Dhabi National Energy Company PJSC of U.S.$500,000,000 4.375 per cent. Notes due 2026 and U.S.$500,000,000 3.625 per cent. Notes due 2021 under the U.S.$9,000,000,000 Global Medium Term Note Programme (Rule 144A/Regulation S), and a further issue of U.S.$500,000000 and U.S.$250,000,000 Notes, respectively, to be consolidated and form a single series therewith.
  • Issue by Hikma Pharmaceuticals Public Limited Company of U.S.$500,000,000 4.25 per cent. Guaranteed Notes due 2020 guaranteed by its U.S. subsidiaries Eurohealth (USA) Inc. and West-Ward Pharmaceutical Corp, in addition to Arab Pharmaceutical Manufacturing PSC, Hikma Farmaceutica SA and Hikma Pharmaceuticals LLC (Regulation S).
  • Establishment of the U.S.$4,000,000,000 Euro Medium Term Note Programme for Industrial and Commercial Bank of China Limited, acting through Industrial and Commercial Bank of China Limited, Dubai (DIFC) Branch and the issue of U.S.$500,000,000 2.625 per cent. Notes due 2020 thereunder (Regulation S).
  • Issue by Aryzta Euro Finance Limited of €250,000,000 Perpetual Callable Subordinated Securities guaranteed on a subordinated basis by ARYZTA AG (Regulation S).
  • Establishment of a U.S.$2,000,000,000 Trust Certificate (sukuk) Issuance Programme for Barwa Bank Q.S.C. based on a Mudaraba/Wakala structure (Regulation S) including four private placements thereunder.
  • Issue by Bank of China Limited, Abu Dhabi Branch of CNY 2,000,000,000 3.60 per cent. Notes due 2017 issued under the U.S.$20,000,000,000 Medium Term Note Programme of the Bank of China Limited, listed on NASDAQ Dubai (Regulation S).
  • Issue by Qatar National Bank S.A.Q of U.S.$1,000,000,000 2.125 per cent. Guaranteed Notes due 2021 listed on the London Stock Exchange and U.S.$1,100,000,000 Floating Rate Notes due 2018 and U.S.$330,000,000 Floating Rate Notes due 2021 under the U.S.$12,500,000,000 Medium Term Note Programme, each listed on the Taipei Exchange (Formosa bonds).
  • Issue by Metalloinvest Finance Limited of U.S.$750,000,000 6.50 per cent. guaranteed notes due 2016 and U.S.$1,000,000,000 5.625 per cent. guaranteed notes due 2020, such notes guaranteed by several operating subsidiaries of Russian iron-ore and steel manufacturer, Metalloinvest (Rule 144A/Regulation S).
  • Issue by Alliance Oil Company Ltd. of U.S.$500,000,000 7.00 per cent. guaranteed notes due 2020, guaranteed by the operating subsidiaries of Russian oil company Alliance Oil (Rule 144A/Regulation S).
  • Issue by Borets Finance Limited of U.S.$420,000,000 7.625 per cent. guaranteed notes due 2018, U.S. high-yield covenant package, guaranteed by Borets International Limited and its U.S. subsidiary, Borets U.S., Inc., Borets-Weatherford Canada Ltd and others (Rule 144A/Regulation S).
  • First hybrid tier-one capital issue out of Russia - U.S.$1,000,0000,000 Perpetual Loan Participation Notes issued by VTB Eurasia for the sole purpose of financing a hybrid tier-one subordinated loan to Russian bank, JSC VTB Bank, and a subsequent U.S$1,250,000,000 tap of such Notes (Rule 144A/Regulation S).
  • Issue by Steel Funding Limited of U.S.$800,000,000 4.45 per cent. loan participation notes due 2018 and U.S.$500,000,000 4.95 per cent. loan participation notes due 2019 for the sole purpose of financing a loan to Russian steel manufacturer, OJSC Novolipetsk Steel (Rule 144A/Regulation S).
  • Debut issue by PhosAgro Bond Funding Limited of U.S.$500,000,000 4.204 per cent. Loan Participation Notes due 2018 for the sole purpose of financing a loan to Russian chemical fertiliser manufacturer OJSC “PhosAgro”, such loan guaranteed by various operating subsidiaries (Rule 144A/Regulation S).
  • Issue by MTS International Funding Limited of U.S.$750,000,000 8.625 per cent. loan participation notes due 2020 and U.S.$500,000,000 5.00 per cent. loan participation notes due 2023 for the sole purpose of financing a loan to Russian mobile phone operator, Mobile TeleSystems OJSC (Rule 144A/Regulation S).
  • Offering of 25,126,844 ordinary shares of Russian coal producer, OJSC “Kuzbasskaya Toplivnaya Company” at U.S.$6.50 per share (Regulation S).
  • Issue by TMK Capital S.A. of US$500,000,000 6.75 per cent. Loan Participation Notes due 2020, for the sole purpose of financing a loan to Russian steel pipe maker, OAO TMK such loan guaranteed by various operating subsidiaries (Rule 144A/Regulation S).
  • First upper tier-two (Basel III) regulatory capital issuances for a variety of Russian Banks:  Sberbank, Bank of Saint Petersburg, Home Credit & Finance Bank Limited Liability Company and Commercial Bank “Renaissance Credit”.
  • Establishment of, and successive drawdowns from, the MTN programmes of systemically important Russian banks including: Sberbank, JSC VTB Bank, Vnesheconombank (Rule 144A/Regulation S), including the first renminbi, Singapore dollar, Swiss franc and Australian dollar debt capital market deals out of the Russia for JSC VTB Bank and Turkish lira and Russian rouble drawdowns for Sberbank.
  • Consent solicitation for Gazprombank (OJSC) in respect of its perpetual callable U.S.$1,000,000,000 7.875 per cent. loan participation notes issued under its MTN programme, as part of Gazprombank’s overall restructuring of its regulatory capital structure in the context of the implementation of Basel III in Russia. 
  • Tender Offer in respect of the U.S.$750,000,000 8.25 per cent. Guaranteed Notes due 2015 issued by Evraz Group S.A. guaranteed by Mastercroft S.à r.l.

Includes matters handled at Dechert or prior to joining the firm.

 

Education
  • University of Western Australia, LL.B., 2005
  • The College of Law, Graduate Diploma in Legal Practice, 2005
Admissions
  • Western Australia
  • Ireland
Languages
  • English
  • Russian