Sayenko Kharenko has acted as Ukrainian legal counsel to BNP Paribas and Goldman Sachs International, the joint lead managers of Ukraine’s new benchmark EUR 1 billion Eurobond issue. Avellum advised the Ministry of Finance of Ukraine on the issuance.
The notes were issued for a period of seven years and bear interest at 6.75 % per annum. According to Sayenko Kharenko, this is the first EUR-denominated sovereign note issuance in more than a decade for Ukraine.
Both Sayenko Kharenko and Avellum have advised on previous Ukrainian Eurobond issues as well, including in 2015 (as reported by CEE Legal Matters on December 11, 2015), 2016 (as reported on October 20, 2016), 2017 (as reported on October 2, 2017), and 2018 (as reported on November 19, 2018)
The Sayenko Kharenko team was led by Counsel Igor Lozenko and included Associates Oles Trachuk and Yurii Dmytrenko.
The Avellum team was led by Senior Partner Glib Bondar, supported by Associates Oleg Krainskyi and Mariana Veremchuk.