Lavrynovych & Partners has acted on the debut offering of a US$500 million 5 year bond by Ukrainian Railway Transport Enterprises managed by Ukrzaliznytsia*. The deal was first non-guaranteed by Ukraine issue by the state enterprises and was well received in the international market. The bond was placed in the international capital markets pursuant to Regulation S and Rule 144A of the United States Securities Act of 1933 and structured as loan participated notes.
“We are very proud of advising our clients on ground-breaking transaction such as this and of being for them the navigator in the complexities of developing innovative legal solutions. Our deep bench of professionals used to working on the first market transactions allows us to bring important landmark deals and continue our leading track record in the debt market in Ukraine in the last few years”, said Lavrynovych & Partners partner Iryna Marushko.
The Lavrynovych & Partners transaction team was led by partner Iryna Marushko and associate partner Olena Zubchenko supported by associates Olga Lyubun, Anastasiia Burau, Pavlo Shevchenko, Andriy Kuleba and Anna Bukvych.
*Ukrzaliznytsia is the management entity of Ukraine’s railway infrastructure network as well as the six regional railways: Donetsk Railway, Lviv Railway, Odesa Railway, Prydniprovska Railway, South Railway and Southwest Railway and more than 200 auxiliary enterprises. Ukrzaliznytsia is the monopoly provider of rail transportation in Ukraine and is one of the largest rail transportation networks in the world.