Asters has advised JSC Ukrzaliznytsia, Ukraine's public railway company, on a USD 500 million Eurobonds offering of 8.25% notes due July 2024. Dechert provided advise to Ukrzaliznytsia on English law matters.
Asters describes the offering as the first “hard currency” offering from a quasi-sovereign borrower out of Ukraine since 2013 and the lowest coupon for a quasi-sovereign borrower out of Ukraine since 2011.
The Asters team was led by Senior Partner Armen Khachaturyan and included Partner Constantin Solyar, Senior Associate Olena Nikolenko, and Associates Diana Kondratieva, Roman Podzizei, and Iryna Voitova.
The Dechert team included Partner Patrick Lyons and Associates Jennifer Rees and Amy Rees.