Avellum has advised State Road Agency of Ukraine Ukravtodor on a debut USD 700 million issuance of 6.25% guaranteed notes due 2028 with a benefit of the sovereign guarantee as well as the Ministry of Finance of Ukraine on the actual sovereign guarantee. Sayenko Kharenko and Linklaters advised managers J.P. Morgan, Dragon Capital, and Ukreximbank.
According to Avellum, the notes were admitted to listing on the London Stock Exchange. The firm further informed that “priced at 6.25%, Ukravtodor has received one of the lowest coupon rates among all issues of Ukrainian sovereign and quasi-sovereign Eurobonds denominated in US dollars in the history of Ukraine's independence. The proceeds of the issue will be used to upgrade the road infrastructure in Ukraine within the Great Construction governmental program.”
Avellum’s team was led by Senior Partner Glib Bondar and included Partner Vadim Medvedev, Senior Associates Anastasiya Voronova and Anton Zaderyholovа, and Associates Oleg Krainskyi, Anna Mykhalova, Mariana Veremchuk, Yaroslav Pavliuk, and Oles Bidnoshyia.
Sayenko Kharenko's team included Partner Igor Lozenko, Senior Tax Associate Anton Kerimov-Varanytskyi, Associates Oles Trachuk and Vladyslava Mitsai, and Junior Associate Oleksandr Motin.
Linklaters' team included Partners Richard O'Callaghan and Yaroslav Alekseyev and Managing Associates Amelia Rice and Ariel Hsiung.