With effect from 11 July 2024, the National Bank of Ukraine (“NBU”) introduced a long-awaited exemption from the moratorium on foreign currency cross-border transfers (“Moratorium”). This exemption is expected to facilitate the repayment of Eurobonds by major Ukrainian corporate issuers, which had faced significant challenges in making payments under their Eurobonds since the beginning of the full-scale russian invasion of Ukraine on 24 February 2022.

Sayenko Kharenko has advised the European Fund for Southeast Europe on a EUR 10 million equivalent loan in UAH to Bank Lviv.

White & Case has advised PKO Bank Hipoteczny on its PLN 500 million issuance of mortgage-covered bonds due July 4, 2028, with Erste Group and PKO Bank Polski acting as joint bookrunners.

CMS has advised Dutch Good Growth Fund on obtaining the necessary regulatory approval for its acquisition of a significant shareholding in the joint-stock company Joint Stock Bank Lviv. CMS has also advised Bank Lviv on certain transactional documents in the acquisition.

Harrisons has advised EBRD on three financing facilities with Banca Intesa Beograd totaling EUR 72 million.

Filip & Company has advised Digi Group’s Spanish subsidiaries on a national roaming contract and a network and spectrum sharing contract with Telefonica Moviles Espana.