Sayenko Kharenko acted as Ukrainian legal counsel to Credit Suisse, J.P. Morgan and UBS, the joint lead managers of the USD 175 million Eurobond offering by Privatbank with 10.875% coupon maturing in 2018. This is viewed as “one of the most successful placements in the CEE banking sector” according to the Deutsche Bank experts.
According to PrivatBank, the funds raised from this issue will be used to finance Ukrainian business and exporters in the key industries.
Sayenko Kharenko regularly advises on the largest Eurobond offerings in the Ukrainian banking sector, including Eurobond issues by Ukreximbank, UkrSibbank, Oschadbank, Alfa-Bank, FUIB, and others.
Sayenko Kharenko’s team for the current transaction included associates Anton Korobeynikov, Marta Hontaruk, and Olena Krasna and was led by partner Nazar Chernyavsky.