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Peter Young

Partner

Peter Young

London

T:+44 20 7444 3328

Peter Young is a capital markets lawyer based in London. He is an English and New York law qualified partner in the London practice.

Peter has extensive experience advising investment banks and corporate clients in a broad range of English and New York law governed cross-border debt financings, including high-yield and investment grade debt, exchangeable bonds, exchange offers, tender offers and consent solicitations, as well as UK and US IPOs and rights offerings. He has also advised a number of leading European corporates on compliance and corporate governance matters.

His experience principally includes advising entities operating in the financial services, energy, technology, healthcare and pharmaceuticals, shipping and steel sectors.

Peter joined the London practice as a partner in 2012. Prior to this, he was a partner in a leading U.S. law firm, based in London.

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  • Representative experience

    Principal debt transactional experience:

    • Advised the Kingdom of Bahrain on its US1 billion Eurobond and US$1 billion sukuk issues in October 2016, as well as a further issue of US600 million Eurobonds in March 2017.  The bonds and the sukuk were issued to US investors in reliance on Rule 144A and to non-US investors pursuant to Regulation S, and were listed on the regulated Irish Stock Exchange.
    • Advised the Government of Angola on its US$1.5 billion bond issue in November 2015. The transaction represented Angola's debut international bond issuance and was the largest inaugural bond issue by a non-investment grade sub-Saharan African sovereign to date. The bonds were issued to US investors in reliance on Rule 144A and to non-US investors pursuant to Regulation S, and were listed on the regulated Irish Stock Exchange.
    • Advised Sequa Petroleum N.V., an oil and gas company focussed on undeveloped mid-sized discoveries, on its issuance of up to US$300 million of convertible bonds due 2020 which were listed on the Oslo Stock Exchange.
    • Advised Global University Systems on the issuance of a £235 million high yield bond listed on the Euro-MTF market of the Luxembourg Stock Exchange. The bond proceeds were applied to repay a £175m bridge facility that financed Global University Systems' acquisition of The University of Law, a leading provider of legal education and training in the United Kingdom.
    • Advised Morgan Stanley on the English law aspects of a secured bond issue and ABL facility to support the acquisition of a division of Anixter, Inc, a NYSE listed conglomerate, by American Industrial Partners.
    • Advised the Government of Pakistan on a US$2 billion eurobond issue in 2014, the largest international bond offering to date by Pakistan and its first sovereign bond offering since 2007. Comprised a dual tranche of US$1 billion in five year bonds and US$1 billion in ten year bonds.  Advised the Government of Pakistan on a US$500 million Eurobond issue in 2015.
    • Advised the Government of Pakistan on a US$1 billion sukuk (Islamic bond) issue in 2014, its first sukuk since its debut issuance in 2005, and its US$1 billion sukuk in October 2016. The sukuk used an ijarah structure secured over a section of the Lahore-Islamabad motorway.
    • Advised Emerging Africa Infrastructure Fund Limited (EAIF) on its 2014 participation (as investor) in the offering and sale of high yield bonds by Seven Energy Finance Ltd, including in respect of EAIF's investment, environmental and social policies, anti-money laundering and anti-corruption.
    • Advised East West United Bank on the establishment of its US$1bn Certificate of Deposit programme in 2014.
    • Advised Global Ship Lease Inc, a containership lessor listed on the NYSE, on its issuance of US$400 million first priority secured notes due 2021, which were listed on the Irish Stock Exchange.
    • Represented Chicago Bridge & Iron Company N.V., a multinational conglomerate in the engineering, procurement and construction industry, in connection with an offering of $800m notes in a U.S. private placement.
    • Advised Alfa Laval on its placement of US$110 million 5.75% guaranteed senior notes.
    • Advised HSBC on its issuance of US$1.4bn subordinated bonds.
    • Advised HSBC on its issuance of US$1.25bn non-cumulative step-up perpetual preferred securities.
    • Advised HSBC on its issuance of €1.4bn perpetual step-up notes.
    • Advised HSBC on its issuance of US$900 million subordinated bonds.
    • Represented investment banks in connection with an offering of $5 billion by Siemens AG, one of the largest German global electronics and engineering companies.
    • Represented Credit Suisse and BNP Paribas in connection with an offering of Euro142 million senior notes of Magyar Telecom.
    • Represented investment banks in connection with an offering of €1 billion by Fresenius AG, a global health care group based in Germany that provides products and services for the health care sector in over 100 countries.
    • Represented an investment bank in connection with an offering of €130m senior guaranteed notes of Yioula Glassworks S.A., a leading supplier of glass containers in Greece, Bulgaria, and Romania.
    • Represented the investment banks in connection with an offering of €275m senior secured notes by Vendex KBB, a leading Dutch non-food retailer.
    • Represented Corus Group, a leading British steel company, in connection with an offering of €600m senior notes and further fungible offering of €200m senior notes.
    • Represented Citigroup in connection with an offering of €120m by Heckler & Koch, the leading defence contractor in the small arms sector of the European NATO defence market.
    • Represented Jefferies International in connection with an offering of high yield notes by Timan Oil & Gas, an independent energy company with assets in Russia.
    • Represented BG International Finance BV on its Euro 3.5 billion EMTN programme guaranteed by BG plc.

      Principal liability management experience:

    • Represented the dealer manager and consent solicitation agent in relation to a cash tender offer for 11% Senior Notes of Zlomrex, a major producer of steel and steel products and the largest scrap supplier in Poland, and a related consent solicitation and refinancing with new bonds.
    • Represented Huntsman International LLC, the global manufacturer and marketer of chemical products, in relation to its cash tender offer for Euro 400 million of 6.875% senior subordinated notes and Euro135 million 7.5% senior subordinated notes and the refinancing thereof with new bonds.
    • Represented Ono Group, the Spanish telecommunications, cable television and internet business, in relation to its cash tender offer and consent solicitation for its 13% US$ notes, its 13% Euro notes, its 14% US$ notes and its 14% Euro notes (in total amounting to US$ 350 million) and the refinancing thereof with new bonds.
    • Represented Avecia Group Plc, a British specialty chemicals business, in relation to its cash tender offer for up to 77% (US$415 million) of outstanding 11% senior notes and its related consent solicitation and refinancing with new bonds.
    • Represented the dealer-managers in connection with an exchange offer of US$878 million subordinated notes of a British-based bank holding company for outstanding notes of a U.S. mortgage company.
    • Represented ArcelorMittal in connection with its cash offer for outstanding 11.875% senior secured notes and the refinancing thereof with new bonds.
    • Represented Orange plc (now EE) in relation to its cash offer and consent solicitation of its US$200 million 8.75% notes, and the redemption of US$545 million 8% senior notes, Euro 100 million 7.625% senior notes and £200 million 8.625% senior notes.
    • BSN Glasspack in relation to its cash tender offer of Euro 180 million 10.25% senior subordinated notes.
  • Admissions
    • Attorney at Law, admitted in New York
    • Solicitor, qualified in England & Wales