Image of Andrei Murygin

Andrei Murygin

Capital Markets Partner, Moscow

I enjoy advising on complex structured finance and derivative products and helping clients achieve their commercial goals by structuring and implementing transactions that sometimes have not been done before in Russia. I am patient and open to innovation.

Overview

Professional experience

Education and qualifications

Overview

Andrei specialises in structured finance, derivatives and equity capital markets. He has extensive experience in advising international and local banks on Russian structured finance and cross-border derivatives transactions. He has also acted on a variety of significant capital markets transactions, including structured debt, IPOs and equity-linked products. 

Work highlights
  • Cash-settled total return swap and related put and call option: advising Alfa-Bank on a financing involving the purchase of the GDRs of Etalon Group representing around 19% of its share capital and the Russian law cash-settled total return swap with AFK Sistema and related put and call option with Capgrowth Investments Limited in respect of such GDRs.
  • Infrastructure bonds: advising DOM.RF on preparing template documents for the first issues of infrastructure bonds in Russia under a RUB 1trn programme and based on the recently adopted Government Decree to finance the construction of residential buildings and related infrastructure. 
  • Solar systems: advising Sovcombank on the RUB 6bn Russian green project bonds providing financing to two solar stations of Solar Systems in the Astrakhan region and secured by DPM power supply contracts, shares and assets of these stations (AKRA rating A+) and related corporate rights agreement (using a whole-business securitisation approach).
  • M11 Moscow – Saint-Petersburg: advising the lenders and bondholders on the financing of the M11 Moscow – Saint-Petersburg motorway concession based project (sections 543-646km and 646-648km) – the first ever project in Russia financed through a combination of bank debt and project bonds using recent changes to concession and securitisation laws.
  • ISDA/RISDA documentation: advising J.P. Morgan, UBS, Unilever, Unicredit, Whirlpool, DB, VTB, SOVA and other major banks on RISDA documentation and netting issues, as well as developing ISDA documentation templates.
  • Equity capital markets: advising banks and issuers on public offerings by such companies as Beluga, Sistema, NLMK, Pyaterochka, Rosneft, LSR Group, Etalon, Sistema-Hals, Pharmstandard, Dixy Group, PIK Group and Open Investments.

Professional experience

Andrei is involved in the Central Bank, NFA, NAUFOR and MOEX working groups involved in the development and implementation of Russian securities and derivatives legislation and he is a member of the Central Bank expert committee involved in long-term investments. He is also a member of the ARB, NAUFOR and NFA expert committee which is involved in the development of the Russian standard derivatives documentation.

Education and qualifications

Andrei studied law at Moscow State University.

He speaks English and Russian.