Sayenko Kharenko advises on the USD 333 million Eurobond issue and cash tender offer by Metinvest

Sayenko Kharenko has acted as Ukrainian legal counsel to Deutsche Bank, Natixis, IMI Intesa Sanpaolo, and Raiffeisen Bank International, joint bookrunners of the new USD 333 million Eurobond issue by Metinvest. The notes have a 7-year maturity and bear interest at 7.65 per cent per annum.

Alongside the new issue, Metinvest has also launched a cash tender offer in relation to its existing 7.50 per cent senior notes with maturity in 2021 and 7.75 per cent senior notes with maturity in 2023 (subject to a total cap of USD 320 million).

Partner Nazar Chernyavsky comments: “We are delighted to have been a part of the successful extension of bond maturity profile by Metinvest. Our team is honoured to remain at the forefront of the most innovative capital markets transactions in our region.”

Metinvest Group is a vertically integrated group of steel and mining companies and is the largest in Ukraine and one of the largest CIS producers of iron ore raw materials and steel. It has steel and mining production facilities in Ukraine, the EU and the US, as well as a sales network covering all key global markets.

Sayenko Kharenko’s team was led by partner Igor Lozenko and included associates Oles Trachuk, Vladyslava Mitsai, Sofiia-Mariia Kuzminska, and junior associate Oleksandr Motin.