Sayenko Kharenko has advised the JSC State Export-Import Bank of Ukraine (Ukreximbank) on its issuance of USD 100 million subordinated loan participation notes, listed on the London Stock Exchange. The notes were issued by Biz Finance Plc., which applied the total principal amount of the issue towards financing a subordinated loan to the bank. Latham & Watkins and, reportedly, Avellum, advised J.P. Morgan and Morgan Stanley, the joint leaders on the transaction, the total book order of which reached USD 300 million. White & Case reportedly advised Ukreximbank as well.
According to Sayenko Kharenko, “the State Export-Import Bank of Ukraine is a 100% state-owned bank which focuses on servicing export and import transactions and provides a broad range of corporate banking services for state-owned entities, and is the only bank acting as a financial agent for the government with respect to loans from foreign financial institutions.”
The Sayenko Kharenko team was led by Partner Anton Korobeynikov and included Associates Denis Nakonechyi, Vira Pankiv, and Oles Trachuk and Junior Associates Oleksandra Maksymenko and Sofia-Maria Kuzminska.
The Latham & Watkins team in Moscow included Partner David Stewart and Associates Vladimir Mikhailovsky and Viktoria Petukhova. Its team in London was led by Partner Lene Malthasen.
