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4 October 2017

Sayenko Kharenko Advised On The Landmark Eurobond Placement And Related Tender Offer By Ukraine

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Sayenko Kharenko

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Sayenko Kharenko enjoys a global reputation as a leading Ukrainian law firm with an internationally oriented full-service practice. Currently, we are one of the largest law firms in Kyiv, with over 100 lawyers, including 14 partners. The firm specialises in complex cross-border and local matters and regularly handle the largest and most challenging transactions involving Ukraine. Sayenko Kharenko has been named Law firm of the year: Russia, Ukraine and the CIS according to The Lawyer European Awards 2019 and Most Innovative Law Firm for Ukraine by IFLR European Awards 2019.
Sayenko Kharenko acted as Ukrainian legal counsel to BNP Paribas, Goldman Sachs and J.P. Morgan Securities, joint lead managers of the Eurobond issue by Ukraine for the total amount of USD 3 billion.
Ukraine Law Department Performance

Sayenko Kharenko acted as Ukrainian legal counsel to BNP Paribas, Goldman Sachs and J.P. Morgan Securities, joint lead managers of the Eurobond issue by Ukraine for the total amount of USD 3 billion. The 7.375 % notes have 15 years maturity, which is the longest in the history of Ukraine and were partially used for the exchange of USD 1,160,905,000 7.75 % notes due 2019 and USD 415,152,000 7.75 % notes due 2020, which would substantially decrease the debt burden in the coming two years.

Ukraine has successfully re-entered the international Eurobonds market. This issue and tender offer are a clear sign that debt capital markets are becoming accessible again for Ukraine. The demand was at a record high for Ukraine, as a result of which book offers exceeded USD 9.5 billion.

Partner Nazar Chernyavsky commented: "We are proud to be involved in such a landmark transaction, especially given its importance for the revival of investors' interest in Ukraine."

Sayenko Kharenko's team working on transaction included senior associates Marta Lozenko and Konstantin Penskoy, associates Taras Shyb and Andriy Tsyatsyak, junior associate Oles Trachuk and was led by partner Nazar Chernyavsky.

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