Sayenko Kharenko advised on the USD 500 mln Eurobond issue by Oschadbank

Sayenko Kharenko acted as legal counsel to Credit Suisse, Deutsche Bank and JP Morgan, the lead-managers of the USD 500 million 8.875% loan participation notes due 2018 for the purpose of providing a loan to “State Savings Bank of Ukraine” (“Oschadbank”), Ukraine’s 3rd largest bank.

According to Denys Kiryeyev, First Deputy Chairman of the Management Board, “the funds raised will be used for the further development of Oschadbank’s business.”

Oschadbank was the third successful issuer in the Ukrainian banking sector in the first quarter of 2013, following the placements by Ukreximbank and PrivatBank. “The financial sector has been active. Ukraine is seeing a flurry of bond issuance”, – reads International Financing Review (part of Thomson Reuters).

Following the Eurobond placement by the state of Ukraine in December 2012, Sayenko Kharenko advised on all Eurobond offerings in the Ukrainian banking sector so far in 2013 totalling over USD 2 billion.

Sayenko Kharenko’s team for the current transaction included associates Anton Korobeynikov, Marta Hontaruk, and Olena Krasna and was led by partner Nazar Chernyavsky.

Related projects

08 May 2023


Sayenko Kharenko advises EBRD on EUR 10.6 million loan to purchase new trolleybuses for the city of Khmelnytskyi
12 April 2023


Sayenko Kharenko advises Canada on the CAD 2.4 billion loan to Ukraine
11 April 2023


Sayenko Kharenko has successfully defended the interests of LLC “Starlink” in a dispute over the early termination of Ukraine’s trademark registration
Notification cookies

We use cookies to analyze the behavior of visitors
of our website and improve it. By using our website, you consent to these cookies in accordance with our Cookie Policy.