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Avellum, Sayenko Kharenko, and Linklaters Advise on Ukravtodor’s Debut USD 700 Million Eurobond Issue

Avellum, Sayenko Kharenko, and Linklaters Advise on Ukravtodor’s Debut USD 700 Million Eurobond Issue

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Avellum has advised State Road Agency of Ukraine Ukravtodor on a debut USD 700 million issuance of 6.25% guaranteed notes due 2028 with a benefit of the sovereign guarantee as well as the Ministry of Finance of Ukraine on the actual sovereign guarantee. Sayenko Kharenko and Linklaters advised managers J.P. Morgan, Dragon Capital, and Ukreximbank.

According to Avellum, the notes were admitted to listing on the London Stock Exchange. The firm further informed that “priced at 6.25%, Ukravtodor has received one of the lowest coupon rates among all issues of Ukrainian sovereign and quasi-sovereign Eurobonds denominated in US dollars in the history of Ukraine's independence. The proceeds of the issue will be used to upgrade the road infrastructure in Ukraine within the Great Construction governmental program.”

Avellum’s team was led by Senior Partner Glib Bondar and included Partner Vadim Medvedev, Senior Associates Anastasiya Voronova and Anton Zaderyholovа, and Associates Oleg Krainskyi, Anna Mykhalova, Mariana Veremchuk, Yaroslav Pavliuk, and Oles Bidnoshyia.

Sayenko Kharenko's team included Partner Igor Lozenko, Senior Tax Associate Anton Kerimov-Varanytskyi, Associates Oles Trachuk and Vladyslava Mitsai, and Junior Associate Oleksandr Motin.

Linklaters' team included Partners Richard O'Callaghan and Yaroslav Alekseyev and Managing Associates Amelia Rice and Ariel Hsiung.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com


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