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Avellum Advises Kernel on Debut Eurobond Issue

Avellum Advises Kernel on Debut Eurobond Issue

Ukraine
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Avellum has acted as Ukrainian legal counsel to longstanding client Kernel Holding S.A. in connection with an offering of its USD 500 million 8.75% guaranteed notes due 2022. The notes are expected to be rated B+ by Fitch and B by S&P, two notches and one notch above the Ukrainian sovereign respectively.

Avellum describes the transaction as remarkable, "since it is the Kernel’s debut eurobond issue and the first successful corporate eurobond offering from Ukraine since 2013."

Kernel is a Ukraine-based diversified agribusiness company in the Black Sea region with a share listing on the Warsaw Stock Exchange. It is also an exporter of, among other products, sunflower oil and grains.

The Avellum team included Partner Glib Bondar, Counsel Igor Lozenko, Senior Associate Vadim Medvedev, and Associates Anna Melnychuk, Pavlo Shevchenko, Yuriy Zaremba, Anastasiya Voronova, and Orest Franchuk. 

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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