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AVELLUM advises on IBRD-supported financing for Ukraine

March 2019 - Finance. Legal Developments by Avellum.

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AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with two syndicated EUR-denominated facilities arranged by Deutsche Bank in December 2018 and March 2019 for the total amount equivalent to approximately USD1 billion.

Both facilities benefited from a policy-based guarantee from the International Bank for Reconstruction and Development.

The IBRD guarantee allowed for attractive commercial terms, including the 4.5-year grace period for a substantial portion of the financing.

The AVELLUM team was led by senior partner Glib Bondar, with support from associates Oleg Krainskyi, Anastasiya Voronova, and Oleksandra Kupriichuk.