13 October 2016 - AVELLUM acted as Ukrainian counsel to the Ministry of Finance of Ukraine on issue of USD1 billion 1.471% notes due 2021 fully guaranteed by the United States of America, acting through the United States Agency for International Development.

The proceeds from the notes will be used to support economic reforms that will help to revitalize economic activity and protect the most vulnerable citizens from the impacts of economic adjustments, including the adjusted gas prices.

The loan guarantee agreement is a part of the bi- and multilateral economic support for Ukraine within the framework of the four-year IMF program (Extended Fund Facility).

This is the third loan guarantee received by Ukraine from the USA. The previous two guarantees granted in 2014 and 2015 enabled Ukraine to raise USD2 billion on the international capital market at low interest rates and to use them for the implementation of reforms.

AVELLUM team was led by Partner, Glib Bondar, with significant support from Senior Associates, Taras Dmukhovskyy andVadim Medvedev, and Associates, Anna Melnychuk, Pavlo Shevchenko, and Anastasiya Voronova.