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Aequo and Avellum Advise on Naftogaz of Ukraine on Eurobond Issuances

Aequo and Avellum Advise on Naftogaz of Ukraine on Eurobond Issuances

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Aequo and Freshfields Bruckhaus Deringer have advised NJSC Naftogaz of Ukraine on its placement of EUR 600 million of 5-year bonds at 7.125% and USD 335 million of 3-year bonds at 7.375%. Avellum advised joint lead managers Citigroup Global Markets Limited and Deutsche Bank AG, London Branch.

Naftogaz of Ukraine engages in gas and oil field exploration and development, production and exploratory drilling, gas and oil transport and storage, and the supply of natural gas and liquid petroleum gas to consumers. According to Aequo, the deal is the first placement of Eurobonds by Naftogaz since 2009, as well as the first dual-tranche issue of bonds by Naftogaz in Euros and US dollars.

“The level of interest generated by the issue shows investor confidence in Ukraine and is a recognition of our efforts to make Naftogaz a transparent and reliable company," commented Naftogaz CEO Andriy Kobolyev. "Having raised the funds on attractive terms, Naftogaz is now better placed to prepare for the next winter season by accumulating gas volumes in the underground gas storages.”

The Aequo team was led by Partner Yulia Kyrpa and included Counsels Bohdan Dmukhovskyy, Myroslava Savchuk, Of Counsel Oksana Krasnokutskaya, Senior Associates Vasyl Mishchenko and Mykhaylo Soroka, and Associates, Glib Bukharin, Viktor Komziuk, Olesia Mashtaler, Taras Shmyh, and Anna Konovalova.

The Avellum team was led by Senior Partner Glib Bondar and included Partner Vadim Medvedev, Associates Anastasiya Voronova, Oleg Krainskyi, Dmytro Symbiryov, Anna Mykhalova, Anna Kalabska, Anton Zaderyholova, Vladyslav Aleksandrov, and Yelyzaveta Kravtsova.

Avellum at a Glance

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com