Leading law firm Clifford Chance has advised Sberbank on a USD 376 million financing of the State Road Administration of Ukraine (Ukravtodor). The funds are being raised for financing of construction, repair, reconstruction and maintenance of roads in Ukraine, as well as purchase of road equipment and facilities for the purpose of preparation to the Euro 2012 European football championship.

"We are delighted to have advised our longstanding client Sberbank on this transaction. Considering the tight deadlines of the transaction we are proud that numerous challenges were overcome and the deal was closed successfully", says Clifford Chance Ukraine managing partner Jared Grubb, who led the team advising Sberbank. The transaction team also included associates Nadiya Shylienkova and Dmytro Orendarets.

Banking and finance practice of Clifford Chance provides highly commercial and practical advice across the full spectrum of financial products including syndicated lending and leveraged and acquisition finance, asset finance, derivative products, project finance, financial regulatory, insolvency, restructuring and structured finance.

Clifford Chance has been advising leading local and international companies in Ukraine since 1990. In 2008 the firm has expanded its presence in the market by opening office in Kyiv. Today Clifford Chance is one of the leading law firms in Ukraine. The office is comprised of partners and lawyers qualified in Ukrainian and English law, who have extensive experience advising on all core areas of commercial activity, including real estate, debt restructurings, corporate/M&A, banking and finance regulatory.