Cases & Deals

Alfa Group obtains $3.7 billion monetization financing

Client(s) Alfa Group

Jones Day advised Alfa Group on the $3.7 billion monetization by Alfa Group and Access-Renova Group of their respective rights to future delivery of new BP Ordinary Shares pursuant to the terms of the TNK-BP joint venture through the issuance of Zero Coupon Secured Notes amortizing on various settlement dates for delivery coupled with structured equity hedging arrangements on the BP shares - one of the largest-ever monetization financings and the first of its kind in the derivatives and capital markets.