Lavrynovych & Partners advises preparations for $1.25bn external state loan bonds

Lavrynovych & Partners Law Firm acted as a legal advisor on Ukrainian law issues in preparing a placement of $1.25bn 144A/Reg S external state loan bonds maturing in 2022 at an interest rate of 7.8% per annum. A syndicate of investment banks including JP Morgan, Morgan Stanley, VTB Capital PLC and SIB acted as the lead manager. The Eurobonds were placed on November 28. Legal support at all stages of the bond issue was provided by Partner Iryna Marushko, Head of Lavrynovych & Partners’ banking and finance practice, and Senior Associate Olena Zubchenko. Legal services were provided pursuant to an agreement between Lavrynovych & Partners and international law firm White & Case, which acts as a legal advisor for the Ministry of Finance of Ukraine. In June 2012 Lavrynovych & Partners Law Firm also advised on Ukrainian laws in preparations for $2 bn external state loan bonds issue of 2012. The rate of return on the bonds was set at 9.25%. In September 2012 was prepared an additional placement of 9,25% coupon Eurobonds amounting to USD 600 mln maturing in 2017.

Lavrynovych & Partners advises preparations for $1.25bn external state loan bonds lp.ua Fri, Nov 30, 2012