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Asters Advises IFC on its First Sustainable-Energy Finance Loan in Ukraine
Asters, Kyiv, Ukraine,
Friday, June 08, 2012
Asters acted as a legal advisor to the International Finance Corporation (IFC) on a USD 15 million loan facility to PJSC "Credit Europe Bank" (Credit Europe Bank).
The facility will be used on the sustainable energy projects and is aimed at expanding financing of Ukrainian small and medium-sized businesses. As part of the deal, IFC is also planning to advise the bank on its efforts to expand funding of energy efficiency projects in Ukraine.
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Credit Europe Bank (earlier Finansbank) is controlled by Fiba Holding A.S., one of Turkey's largest financial conglomerates.
Asters' team working on the project was lead by partner Iryna Pokanay and included associates Gabriel Aslanian and Viktoria Zagreba.
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Asters is a full-service independent national law firm. With more than 15 years of experience the firm has one of the longest track records on the country's legal market. Asters is among the most recommended law firms for Ukraine according to reputable international legal directories The Legal 500, PLC Which Lawyer?, Chambers Global, IFLR 1000, and Ukraine's legal market research publications. A list of the firm's clients includes major international corporations, such as Boeing, Coca-Cola, Marathon Oil, Miele, News Corp., New Line Cinema, Nissan Motor, Nokia Corporation, Philip Morris, Renault, Telenor ASA, Toshiba Corporation, and the world's leading financial institutions ABN AMRO, Barclays Capital, Citibank, Credit Suisse, Deutsche Bank, EBRD, IFC, ING Bank, JP Morgan Chase, Standard Bank, Swedbank and the World Bank.