Sayenko Kharenko has acted as Ukrainian legal counsel to joint lead managers J.P. Morgan Securities plc and ING Bank N.V., London Branch in connection with the cash tender offer with respect to USD 750 million 8.25 percent notes due 2020 and the issue of new USD 500 million 7.75 percent notes due 2024 by MHP S.A. MHP was advised by Avellum on Ukrainian law and Freshfields on English law.
MHP is one of the largest agro-industrial companies in Ukraine, and focuses on the production of poultry and cultivation of grain.
This is the second corporate bond issuance of the year from Ukraine, following the debut Eurobond issue by Kernel in January 2017.
Sayenko Kharenko’s team operating under the general supervision of Partner Nazar Chernyavsky was led by Senior Associate Iryna Bakina and Associate Olga Kyriusha. It also included Senior Associates Oleg Klymchuk and Maria Tsabal and Associates Oksana Andronyk and Taras Shyb.
The Avellum team advising MHP included Senior Partner Glib Bondar, Counsel Igor Lozenko, Senior Associate Vadim Medvedev, and Associates Anna Melnychuk, Pavlo Shevchenko, Yuriy Zaremba, Tetiana Mykhailenko, Anastasiya Voronova, Orest Franchuk, Dmytro Tkachuk, Olga Tersina, and Vladyslav Aleksandrov.
