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DLA Piper advises Ukrainian Bank Finance and Credit in Exchange Offer


DLA Piper has advised Ukrainian Public Joint Stock Company Bank Finance and Credit in a refinancing transaction of USD 95 million Eurobonds, due in 2014, on matters of English, US, Ukrainian, and Dutch law.

Bank Finance and Credit has refinanced its Loan Participation Notes (LPNs) due in 2014 with the issuance of new USD 100 million 9.25% LPNs due in 2019 issued by Finance & Credit Ukraine BV through a successful exchange offer and consent solicitation process.

The transaction featured lawyers from DLA Piper's UK, Austrian, Ukrainian, and Netherlands offices. The team was led by Partners George Barboutis, Attila Csongrady, and Oleksandr Kurdydyk, and Senior Associate Alexander Kolmakov. VTB Capital was the Dealer Manager for the transaction and was represented by Freshfields and Avellum.


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