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Sayenko Kharenko Advises EBRD on Synthetic UAH Loan Facility to OTP Leasing in Ukraine

Sayenko Kharenko Advises EBRD on Synthetic UAH Loan Facility to OTP Leasing in Ukraine

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Sayenko Kharenko has acted as a Ukrainian legal counsel to the EBRD on its provision of a four-year UAH-denominated loan equivalent to EUR 10 million to LLC OTP Leasing.

According to Sayenko Kharenko, the loan is the first synthetic local currency loan to a Ukrainian leasing company to finance lease contracts to small and medium-sized enterprises across the country. The loan will address foreign exchange risks of local borrowers and is expected to enable the company to diversify its customer base.

In addition, according to Sayenko Kharenko, the transaction contemplates granting of up to EUR 1 million funding for SMEs under the EU4Business initiative supported by the European Union and the Deep and Comprehensive Free Trade Area between Ukraine and the EU. “The grants will be provided as investment incentives aiming to improve technology and production processes of SMEs in line with EU standards,” the firm reports.

Sayekno Kharenko’s team was led by Partner Nazar Chernyavsky and Counsel Igor Lozenko and included Junior Associates Vira Pankiv, Vladyslava Mitsai, and Oleksandra Maksymenko.

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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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