Sayenko Kharenko advised on the debut Eurobond issue by Kernel

Sayenko Kharenko acted as Ukrainian legal counsel to J.P. Morgan Securities plc and ING Bank N.V., London Branch, joint lead managers of the debut USD 500 million Eurobond issue by Kernel Holdings S.A. (Kernel), a leading diversified agribusiness company in the Black Sea region listed on the Warsaw Stock Exchange. The bond pays interest at a rate of 8.75 per cent p.a. and matures on 31 January 2022. The notes are expected to be rated B+ by Fitch, and B by S&P, two and one notches above the Ukrainian sovereign respectively.

Partner Nazar Chernyavsky commented: “We are proud to advise on this landmark transaction, which marks the first international corporate bond issuance from Ukraine since 2013. We hope this issuance will pave the way for a return of the Ukrainian issuers to the international capital markets.”

Read the official press release Kernel Holding S.A. debut Eurobond pricing announcement.

Sayenko Kharenko team was led by partner Nazar Chernyavsky and included senior associate Iryna Bakina, and associates Olga Kyriusha, Orest Matviychuk and Taras Shyb.

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.