Avellum has advised the Ministry of Finance of Ukraine on the state-guaranteed USD 250 million loan extended to the "Energoatom" State Enterprise National Nuclear Energy Generating Company, which operates all nuclear power plants in Ukraine. Baker McKenzie advised Energoatom.
The loan will support the construction of the Central Spent Nuclear Fuel Storage Facility in the Chornobyl Exclusion Zone in Ukraine. It is funded through the issuance of loan participation notes in the United States capital markets and was arranged by Merrill Lynch, Pierce, Fenner & Smith. The Overseas Private Investment Corporation (OPIC), a United States Government agency, has issued an insurance policy on the loan. (As previously reported, Sayenko Kharenko advised both Merrill Lynch, Pierce, Fenner & Smith Incorporated and OPIC on Ukrainian law).
The Avellum team was led by Senior Partner Glib Bondar, with the support of Counsels Taras Dmukhovskyy and Vadim Medvedev, Senior Associate Anna Melnychuk, and Associates Orest Franchuk, Oleg Krainskyi, Oleksii Maslov, and Vladyslav Aleksandrov.
Baker McKenzie did not reply to an inquiry about the deal.
