Sayenko Kharenko advises on USD 500 million Metinvest Eurobond placement

Sayenko Kharenko advised BNP Paribas, Credit Suisse, ING, Royal Bank of Scotland and VTB Capital who acted as joint lead managers of the first issue of Eurobonds by Metinvest. USD 500 million Notes due 2015 were sold with 10.25% coupon.This became another successful transaction by a Ukrainian issuer following a long break caused by the financial crisis.“We are delighted that our firm was involved in all Eurobond transactions of Ukrainian companies this year, which also included the issues of the State Export-Import Bank of Ukraine, DTEK and Myronivsky Hliboprodukt. The Metinvest deal required significant effort from our team, given that it was a debut Rule 144A issue, and we are proud that we arranged to complete all tasks smoothly and within timeline” – comments Nazar Chernyavsky, partner.Metinvest is an international vertically integrated mining and steel group of companies. Production facilities of Metinvest produce enough steelmaking raw materials to meet its own demand and to be the key supplier to major steelmaking companies in Ukraine, Europe and Asia. The major shareholders of Metinvest are SCM Group and Smart-Holding.Sayenko Kharenko team was led by partner Michael Kharenko and included partner Nazar Chernyavsky and associate Yuriy Draganchuk.

Related projects

24 January 2023

Projects

Sayenko Kharenko advises Goldman Sachs Asset Management on the acquisition of Cprime
23 January 2023

Projects

Sayenko Kharenko advises EBRD on EUR 25 million loan to the city of Lviv
12 January 2023

Projects

Sayenko Kharenko advised on the USD 895 million consent solicitation by Ukrainian Railways
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.