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AVELLUM Advises Ministry of Finance of
Ukraine on State-Guaranteed USD250 Million Loan to Energoatom
AVELLUM acted as the
Ukrainian legal counsel to the Ministry of Finance of Ukraine on the
state-guaranteed USD250 million loan extended to State Enterprise National
Nuclear Energy Generating Company “Energoatom”.=
The loan is funded through
the issuance of loan participation notes in the United States capital markets,
arranged by Merrill Lynch, Pierce, Fenner & Smith. Overseas Private
Investment Corporation, a United States Government agency, has issued an
insurance policy on the loan.
The loan proceeds will be
used to finance the construction of a central storage facility for the spent
nuclear fuel produced by three nuclear power plants in Ukraine. The facility
will be located in Chornobyl exclusion zone. Once fully operational, the
central storage facility will create a safe environment for processing,
storing, and safeguarding significant quantities of spent nuclear fuel.
The AVELLUM team was led by senior partner Glib Bondar, with
support from counsels Taras Dmukhovskyy and Vadim Medvedev, senior associate
Anna Melnychuk, and associates Orest Franchuk, Oleg Krainskyi, Oleksii Maslov,
and Vladyslav Aleksandrov.