King & Spalding Advised Bank of America Led Syndicate on Telekom Srbija’s €1.95bn-eqv. Senior Notes Offering

On May 18, 2026, King & Spalding advised the syndicate of Joint Lead Managers on Telekom Srbija a.d. Beograd’s landmark offering of (i) $1,350,000,000 7.250% Notes due 2031, (ii) €500,000,000 6.750% Notes due 2033 and (iii) €300,000,000 7.125% Notes due 2036. This offering is the largest issuance ever done by Telekom Srbija in the international capital markets and represents the largest emerging market high-yield transaction in 2025 and 2026 to date.

Telekom Srbija a.d. Beograd is a leading telecommunications provider across Serbia, Bosnia and Herzegovina, and Montenegro, continuing its expansion as a major player in the region’s telecommunications industry, as well as an increasing presence in other European countries and worldwide.

King & Spalding advised the Joint Lead Managers, comprising BofA Securities, BNP Paribas, Citi, Deutsche Bank, Eurobank, JP Morgan, OTP Bank, Raiffeisen Bank International and UniCredit.

Capital Markets partner Peter Schwartz and senior associate Riccardo Maggi Novaretti led the transaction. The K&S team also included Lauryn Morris and Erdem Evranos.