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Sayenko Kharenko, Linklaters, Avellum, and Allen & Overy Advise on Metinvest USD 333 Million Eurobond Issue and Cash Tender Offer

Sayenko Kharenko, Linklaters, Avellum, and Allen & Overy Advise on Metinvest USD 333 Million Eurobond Issue and Cash Tender Offer

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Sayenko Kharenko and Linklaters have advised joint bookrunners Deutsche Bank, Natixis, IMI Intesa Sanpaolo, and Raiffeisen Bank International on Metinvest's new USD 333 million Eurobond issue. Allen & Overy and Avellum advised Metinvest.

The notes have a 7-year maturity and bear interest at 7.65% per annum.  According to Sayenko Kharenko, “alongside the new issue, Metinvest has also launched a cash tender offer in relation to its existing 7.50% senior notes with maturity in 2021 and 7.75% senior notes with maturity in 2023 (subject to a total cap of USD 320 million).”

The Metinvest Group is a vertically integrated group of steel and mining companies that is the largest in Ukraine and one of the largest CIS producers of iron ore raw materials and steel. It has steel and mining production facilities in Ukraine, the EU, and the US.

Sayenko Kharenko and Avellum also advised on Metinvest's 2019 and 2020 Eurobond issuances (as reported by CEE Legal Matters on May 14, 2018 and November 25, 2019, respectively).

Sayenko Kharenko’s team included Partners Nazar Chernyavsky and Igor Lozenko, Associates Oles Trachuk, Vladyslava Mitsai, and Sofiia-Mariia Kuzminska, and Junior Associate Oleksandr Motin.

Linklaters' team in London included Partners Yaroslav Alekseyev and Richard O’Callaghan, Managing Associate Vidhu Gupta, and Associate Tiana Cherry.

Avellum's team included Senior Partner Glib Bondar, Partner Vadim Medvedev, Senior Associates Anastasiya Voronova and Anton Zaderyholova, and Associates Oleg Krainskyi, Mariana Veremchuk, Mykola Falko, Oles Bidnoshyia.

Allen & Overy's team in London included Partners Jeanette Cruz and Jamie Durham, Senior Associate Carolyn Slauson Ali and Associates John Epling, John Fluharty, Christopher Savage, and Aditya Vikram.

 

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