Press Release

Morgan Lewis Advises PJSC GV Gold on $100M Refined Gold Prepayment

December 10, 2018

MOSCOW, LONDON, December 10, 2018: Morgan Lewis has advised PJSC GV Gold (PAO Vysochayshiy) in connection with a $100 million gold prepayment transaction.

The prepayment was arranged by Société Générale under a refined gold supply agreement with a tenor of three years. The prepayment will be discharged by the company by supplying approximately 3 koz of gold a month, with the settlements focused on the LBMA morning fixing.

Morgan Lewis partners Grigory Marinichev in Moscow and Paul Denham in London, and associate Alexey Chertov in Moscow, represented PJSC GV Gold.