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Sayenko Kharenko and Latham & Watkins Advise on Ukreximbank's Subordinated Eurobond Issue

Sayenko Kharenko and Latham & Watkins Advise on Ukreximbank's Subordinated Eurobond Issue

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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.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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