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Sayenko Kharenko Advises on EUR 30 Million Loan for Ukrainian Universities

Sayenko Kharenko Advises on EUR 30 Million Loan for Ukrainian Universities

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Sayenko Kharenko has advised the Nordic Environment Finance Corporation on its EUR 30 million loan to Ukraine, intended to fund a project designed to boost energy efficiency programs in Ukrainian universities and the teaching conditions in the facilities. 

This is NEFCO’s first loan transaction in Ukraine, and it has been partially guaranteed by the Swedish International Development Cooperation Agency.

The total value of the project is estimated at EUR 160 million and it will be co-financed by the European Investment Bank – acting as lead financier to the “Higher Education of Ukraine” project approved by the Cabinet of Ministers of Ukraine – and through grants from the Eastern Europe Energy Efficiency and Environment Partnership.

The first phase of the project, scheduled to begin in 2018, will involve universities in Chernihiv, Kharkiv, Kyiv, Lviv, Poltava, Sumy, and Vinnytsia. The second phase of the project may include additional universities and is expected to be be completed by the end of 2022.

Sayenko Kharenko Partner Nazar Chernyavsky commented that: “Energy efficiency is key to Ukraine's sustainable growth. Making our universities better means investing in our young people and the future of our country. I am proud that our firm is part of this prominent project, which helps us to create a better Ukraine and improve our chances to secure an important role in the European economic and cultural landscape.”

Chernyavsky led the Sayenko Kharenko team, which included Senior Associate Marta Lozenko and Junior Associate Oles Trachuk.

 

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Avellum is a leading Ukrainian full service law firm with a special focus on finance, M&A, and dispute resolution. Our goal is to be the firm of choice for our clients with respect to their most significant business transactions. We bring the most advanced Western legal techniques and practice, which, coupled with our first-hand knowledge, broad industry experience, and unparalleled level of service, will help our clients achieve best results in their business endeavours. We work seamlessly in integrated teams with premier US, UK and European law firms in course of multijurisdictional transactions. The team consists of 26 highly qualified attorneys, including three partners – Mykola Stetsenko, Glib Bondar, and Dmytro Marchukov, who are actively involved in every transaction. Avellum is recognised as one of the leading law firms in Ukraine by various international legal directories and Ukrainian legal editions (Chambers, Legal500, IFLR1000, Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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