Sayenko Kharenko advises Ukreximbank on the first successful debt restructuring in line with the IMF’s Extended Fund Facility

Sayenko Kharenko acted as legal advisor to Joint Stock Company The State Export-Import Bank of Ukraine (Ukreximbank) on restructuring of its Eurobond issues due 2015, 2016 and 2018. This was the first debt restructuring carried out in line with the requirements of the IMF’s Extended Fund Facility.

The Eurobonds subject to restructuring included two senior notes issues due 2015 and 2018 and a subordinated notes issue due 2016. The restructuring covered extension of the maturity of each of the notes issues by seven years, increasing the coupon and modifying the repayment schedule from bullet to amortizing repayment.

Sayenko Kharenko’s team for the current transaction included counsel Anton Korobeynikov, associates Marta Lozenko, Taras Shyb, Dmytro Vasylyna, and was led by partner Michael Kharenko.

Related projects

24 January 2023

Projects

Sayenko Kharenko advises Goldman Sachs Asset Management on the acquisition of Cprime
23 January 2023

Projects

Sayenko Kharenko advises EBRD on EUR 25 million loan to the city of Lviv
12 January 2023

Projects

Sayenko Kharenko advised on the USD 895 million consent solicitation by Ukrainian Railways
Notification cookies

We use cookies to analyze the behavior of visitors
of our website and improve it. By using our website, you consent to these cookies in accordance with our Cookie Policy.