US bond issue first

Linklaters & Paines has acted on the first international US dollar convertible bond issue by a Polish company. The firm acted as English and US legal advisers to Robert Fleming & Co and MC-BBL Securities, the joint lead managers of the offering, and for the trustees to the issue, Citicorp Trustee Company. The deal also saw the first ever listing on the London Stock Exchange of convertible bonds by any company from behind the former Iron Curtain.