Avellum has advised the Ministry of Finance of Ukraine on a CAD 500 million 10-year loan from Canada. Sayenko Kharenko and Borden Ladner Gervais reportedly advised the lender.
Export Development Canada was the administrative agent. According to the firm, the loan will be used in a manner consistent with macroeconomic parameters and policy commitments made by Ukraine under its current International Monetary Fund Program or subsequent programs.
Export Development Canada is Canada’s export credit agency, facilitating Canadian companies to enter new markets, reduce financial risk, and grow internationally.
"This financial support from international partners makes a vital contribution in maintaining the financial system stability and responding to social and economic consequences of Russia’s invasion of Ukraine," Avellum Senior Partner Glib Bondar commented.
The Avellum team was led by Bondar and included Senior Associate Oleg Krainskyi and Associates Anastasiia Zhebel, Oleksandra Mohylna, and Yaroslav Pavliuk.
