28 November 2007

Sayenko Kharenko advises BayernLB and Fortis Bank on USD 130 million syndication to Bank Nadra


Sayenko Kharenko has acted as a Ukrainian legal counsel to BayernLB and Fortis Bank, the mandated lead arrangers of USD 130 million syndicated loan facility to Bank Nadra.

OJSC “Bank Nadra” is one of the Top-10 Ukrainian banks. It has a developed branch network and is considered to be one the leading retail banks in Ukraine. The bank will use the borrowing to finance trade-related operations by corporate customers.

Sayenko Kharenko team advising on the transaction was led by partner Michael Kharenko assisted by associates Nazar Chernyavsky and Yuriy Draganchuk.

Sayenko Kharenko has previously represented the major international banks in a number of capital markets and finance transactions by Bank Nadra, including USD 175 million Eurobond offering arranged by HSBC and UBS and USD 85 million syndication organized by Standard Bank and Raiffeisen Centrobank in June 2007; USD 114 million syndication arranged by Commerzbank in November 2006; and USD 100 million debut Eurobond issue arranged by Dresdner Kleinwort Wasserstein and UBS in October 2005.


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