Sayenko Kharenko acted as Ukrainian legal counsel to The Royal Bank of Scotland plc as Dealer Manager of the tender offer in relation to the outstanding USD 200 million 8.750% loan participation notes due 2010 issued by Interpipe Limited.
Sayenko Kharenko worked in the past on a number of similar restructurings of Eurobonds. However, this has been the first transaction in Ukraine where the noteholders accepted both the tender offer and consent solicitation.
At the time of economic downturn Sayenko Kharenko reshapes its banking and finance practice to meet the fast-changing needs of our clients. The Firm’s finance team uses its unique expertise to advise on the country’s largest debt restructuring in all major industries including food processing, telecommunications, public sector, steel, banking, insurance and others.
SAYENKO KHARENKO team advising on the transaction included associate Anton Korobeynikov and counsel Nazar Chernyavsky, led by partner Michael Kharenko.