7 July 2011
Lavrynovych & Partners advises on Ukrainian laws in preparations for $1.25bn external state loan bonds issue
Under an agreement with the leading international law firm White & Case, Lavrynovych & Partners has advised the Ukrainian Ministry of Finance on Ukrainian laws in the course of preparations for an issue in 2011 of $1.25bn 144A/Reg S external state loan bonds maturing in 2016 at an interest rate of 6.25% per annum.
The bond issue took place on 17 June. The Eurobonds were placed at the interest rate, which was unprecedentedly low for a five-year instrument in the entire history of Ukraine’s external public borrowing.
Legal support at all stages of the Eurobond issue was provided by Partner Iryna Marushko, the head of the firm’s Banking & Finance practice, and Senior Associate Olena Zubchenko.