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10 February 2015

Sayenko Kharenko advises ING Bank in relation to successful consent solicitation of one of the ten largest banks in Ukraine

Sayenko Kharenko acted as Ukrainian legal counsel to ING Bank N.V. (London Branch), the solicitation agent, in relation to solicitation by First Ukrainian International Bank of consent from the noteholders of its outstanding USD 252.5 million Loan Participation Notes due 2014 issued by Standard Bank Plc for amending their terms and conditions. The amendments included modification of the redemption schedule of the notes and extension of their maturity to 2018.

Sayenko Kharenko’s team for the current transaction included counsel Anton Korobeynikov, associates Orest Matviychuk and Taras Shyb and was led by partner Nazar Chernyavsky.

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