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A&O Shearman advises IBM on USD3.25 billion and EUR3.5bn bond offerings

A&O Shearman advises IBM on USD3.25 billion and EUR3.5bn bond offerings
Published Date
Feb 6 2026
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Image of Erika Kent
Erika KentPartner, New York
Image of Lona Nallengara
Lona NallengaraPartner, New York
Image of Ilya Mamin
Ilya MaminAssociate, New York
Image of Tianwei Liu
Tianwei LiuAssociate, New York

A&O Shearman represented International Business Machines Corporation (IBM) in connection with its registered offering of USD500 million of 4.000% Notes due 2029, USD500m of 4.300% Notes due 2031, USD500m of 4.600% Notes due 2033, USD1bn of 4.950% Notes due 2036 and USD750m of 5.800% Notes due 2056, as well as its registered offering of EUR1bn of 3.000% Notes due 2031, EUR1bn of 3.450% Notes due 2034, EUR750m of 3.850% Notes due 2038 and EUR750m of Floating Rate Notes due 2028.

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. IBM helps clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to its clients.

The A&O Shearman team was led by partners Erika Kent and Lona Nallengara, associates Ilya Mamin and Tianwei Liu and business analyst Anika Pemmaraju (New York – Capital Markets). Other key members of the team included partner Lorenz Haselberger (New York – Tax).

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