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Redcliffe Partners Advises EBRD on Sovereign Bond Guarantee to Raiffeisen Bank Ukraine

Redcliffe Partners Advises EBRD on Sovereign Bond Guarantee to Raiffeisen Bank Ukraine

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Redcliffe Partners, working with Clifford Chance in London, advised the EBRD on providing Raiffeisen Bank Ukraine with an unfunded guarantee of up to EUR 75 million in local currency linked to the bank’s domestic sovereign bond portfolio.

According to Redcliffe Partners, "the EBRD’s guarantee will free up Raiffeisen's credit capacity at the group level, which will allow RBUA to allocate fresh funds for the financing of Ukrainian businesses. RBUA’s lending under the mechanism will have a particular focus on supporting local micro, small, and medium businesses, which are especially important for the development of Ukraine’s economy. The parties have also agreed that at least 30% of the freed-up capacity will be used to finance environmentally friendly and sustainable technologies."

"Together with our longstanding partner Raiffeisen, we are now expanding the Guarantee for Growth facility to a new market, Ukraine," EBRD Managing Director in Eastern Europe and the Caucasus Matteo Patrone commented. "The project will improve access to finance for micro, small, and medium businesses at a critical time while also encouraging investments in green technologies. I am pleased that the trust and confidence we have built with Raiffeisen enables us to innovate and benefit businesses and economies where both banks are active."

The Redcliffe Partners team included Partner Olexiy Soshenko, Counsel Olesia Mykhailenko, and Junior Associate Sevastian Viktoruk.

Redcliffe Partners at a Glance

Redcliffe Partners is a leading Ukrainian law firm that provides a full range of legal services to large national enterprises, international companies, financial institutions and private investors who are conducting business or investment activities in Ukraine.

We are involved in the majority of the largest and most complicated transactions and litigation cases in Ukraine.

Redcliffe is a top-tier law firm in Ukraine, being Tier 1 in all of our key practices: Banking, Energy and M&A according to Legal 500 2021.

The basis of our work and dynamic development is a powerful international team, practical experience in the most active business sectors, and impeccable professional ethics and business transparency.

Firm's website: www.redcliffe-partners.com