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18 August 2008

Sayenko Kharenko advised international lenders on USD 55 million syndicated loan to Nadra Bank

Sayenko Kharenko acted as a Ukrainian legal counsel to Bayerische Landesbank and Standard Bank Plc on USD 55 million syndicated loan facility to OJSC Nadra Bank (LIBOR +1.5%). Bayerische Landesbank and Standard Bank Plc acted as organizers of the loan facility.

The attracted funds are reported to be used to finance trade-related operations of Nadra bank corporate customers. OJSC “Bank Nadra” is one of the Top-10 Ukrainian banks. It has a developed broad branch network and is considered to be one the leading retail banks in Ukraine.

Sayenko Kharenko team included counsel Nazar Chernyavskiy, associate Yuriy Draganchuk, led by partner Michael Kharenko.

Sayenko Kharenko is well reputed for advising on syndicated financings to Ukrainian banks. In 2007-2008 the Firm has advised international lenders on syndications to 15 Ukrainian banks, including on the largest syndications provided to Raiffeisen Bank Aval, Ukrsibbank, and Ukrsotsbank..

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