Sayenko Kharenko advises on World Bank-guaranteed EUR 529 million facility to Ukraine
Sayenko Kharenko, Kyiv, Ukraine,
Thu, May 16, 2019
Sayenko Kharenko has acted as Ukrainian legal counsel to Deutsche Bank as the lender and arranger of a EUR 529 million facility extended to Ukraine under a guarantee from the International Bank for Reconstruction and Development. The financing was provided in the form of two tranches of EUR 240 million and EUR 289 million, maturing in 4 and 10 years respectively. Earlier, Sayenko Kharenko advised Deutsche Bank on a EUR 349.3 million facility to Ukraine on similar terms. As a result of both transactions, the Ministry of Finance of Ukraine attracted a total of around USD 1 billion.
Sayenko Kharenko’s team was led by Igor Lozenko and included associate Oles Trachuk and junior associate Nazarii Pylypchuk.