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Nominees for Ukraine

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a. Ukraine Eurobond Issuance 

Avellum and White & Case advised the Ministry of Finance of Ukraine on its USD 3 billion, 15-year, 7.375% Eurobond issue, which was combined with a cash tender offer to the holders of the outstanding Eurobonds due 2019 and 2020. Sayenko Kharenko and Latham & Watkins advised joint lead managers BNP Paribas, Goldman Sachs, and J.P. Morgan Securities on the transaction, which is the first stand-alone sovereign bond issue by Ukraine since its 2015 sovereign debt restructuring.

Deal parties (advisors)

  • Issuer: State of Ukraine/The Ministry of Finance of Ukraine (Avellum; White & Case)
  • Joint Lead Managers: BNP Paribas, Goldman Sachs, and J.P. Morgan Securities plc (Latham & Watkins; Sayenko Kharenko)

 

b. Metinvest Debt Restructuring

Clifford Chance and Redcliffe Partners advised Deutsche Bank, ING, Natixis, and UniCredit in their capacity as the coordinating committee for the pre-export finance banks in connection with the successful implementation of a USD 2.3 billion debt restructuring for Metinvest, a vertically integrated group of Ukrainian steel and mining companies and one of the largest producers of iron ore raw materials and steel in the CIS. Baker McKenzie and Allen & Overy advised Metinvest on the restructuring, while Linklaters and Avellum advised the bondholders.

Deal parties (advisors)

  • Coordinating Committee: Deutsche Bank, ING, Natixis, and UniCredit (Redcliffe Partners; Clifford Chance)
  • Metinvest (Baker McKenzie; Allen & Overy)
  • Bondholders Committee (Linklaters and Avellum)

 

c. Auchan Group Acquisition of Karavan Hypermarket Chain

Avellum advised the shareholders of the Karavan Hypermarket chain on their sale of the company to the Auchan Group. Sayenko Kharenko advised the buyers on the transaction.

Deal parties (advisors)

  • Buyer: Auchan Group (Sayenko Kharenko)
  • Seller: Shareholders of Karavan Hypermarket chain (Avellum)

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