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Winter in Moldova is moderately cold with the temperature averaging -5 to -3 °C and only occasionally falling as low as -35 °C.

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Turcan Cazac assists with USD 450 million Eurobond issue by Trans-Oil Group of Companies

Turcan Cazac has assisted the Trans-Oil Group of Companies, a large European agro-industrial group, having its primary operations in Moldova and with facilities in Ukraine, Romania and Serbia, with its second issuance of USD 400 million 8.45 percent secured notes due 2026 via the Irish Stock Exchange (trading as Euronext Dublin) in April 2021, followed immediately after by an additional issuance of USD 50 million 8.45 percent secured notes due 2026 in early June 2021. This issuance comes 2 years after the debut issuance of Eurobonds by the Trans-Oil Group of Companies in April 2019 and is the largest financing contracted by the Group in its long history (as well as one of the largest financings contracted by any group of companies operationally based in Moldova).

The team advising on this project was led by partner Vadim Taigorba and included partners Ana Galus, Mariana Stratan, Iulia Furtuna, associates Mihai Gutu, Cristian Papanaga and junior associates Vasile Gavrilita, Catalina Birsanu.