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Sayenko Kharenko Advises on Ukraine Eurobond Issue

Sayenko Kharenko Advises on Ukraine Eurobond Issue

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Sayenko Kharenko has acted as Ukrainian legal counsel to BNP Paribas, Goldman Sachs, Citigroup, and J.P. Morgan Securities on Ukraine's USD 2 billion Eurobond issue. Avellum advised the Ministry of Finance of Ukraine on the issue.

The issue consists of USD 750 million notes due 2024 and USD 1.25 billion notes due 2028. Sayenko Kharenko reports that a share of proceeds of the new issue has been used by Ukraine to redeem its USD 725 million zero coupon notes issued for the purposes of bridge financing earlier in 2018, while the remaining funds will be applied for general budgetary purposes of the sovereign.

According to Sayenko Kharenko, “the issue took place on the back of prolonged negotiations between Ukraine and IMF and gives a positive signal that international capital markets are still open for the Ukrainian debt.”

The Sayenko Kharenko team was led by Partner Nazar Chernyavsky and Counsel Igor Lozenko and included Associates Denis Nakonechnyi and Yurii Dmytrenko and Junior Associates Oles Trachuk and Vira Pankiv.

The Avellum team was led by Senior Partner Glib Bondar with support from Counsel Taras Dmukhovskyy, Tax Counsel Vadim Medvedev, and Associates Oleg Krainskyi, Anastasiya Voronova, Orest Franchuk, Anna Mykhalova, Anna Kalabska, Yelyzaveta Kravtsova, and Oles Bidnoshyia.

Editor's Note: This article was updated to include information about Avellum's involvement.

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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