fbpx

Baker McKenzie assists with drafting new regulations for the issuance of IFI bonds in Ukraine

29/ 04/ 2020

Kyiv, Ukraine, 29 April 2020 — The Kyiv office of Baker McKenzie assisted with drafting new regulations of the National Securities and Stock Market Commission of Ukraine for the issuance of UAH-denominated bonds by international financial institutions (IFIs) in Ukraine.

The new regulations became effective in early April 2020 and are expected to significantly simplify the procedure for the issuance of IFI bonds in Ukraine. The regulations will abolish obsolete procedural and documentation requirements and introduce a “fast-route” procedure for those IFIs of which Ukraine is a member or that signed an international treaty with Ukraine.

Baker McKenzie has partnered with IFC, a member of the World Bank Group, to introduce the new legal framework.

“New regulations for the issuance of UAH-denominated bonds by IFIs is a significant milestone for Ukraine’s capital market development,” said Jason Pellmar, IFC Regional Manager for Ukraine, Moldova, and Belarus. “The new regulation will help IFC develop local currency solutions for its clients, enhancing their credit profile and mitigating risks, including risks associated with currency fluctuations.”

Managing Partner Serhiy Chorny led Baker McKenzie’s team, with key input from Associate Bogdan Dyakovych and Law Clerk Stanislav Demianiuk.

Commenting on the project, Serhiy Chorny noted, “We trust that these regulations will help to revitalize the Ukrainian capital markets, will provide investors with a new attractive investment instrument and will enable Ukrainian borrowers to receive local currency funding from IFIs on attractive terms.”

To learn more about the key novelties introduced by the new regulations, please follow the link.

About Baker McKenzie

Baker McKenzie helps clients overcome the challenges of competing in the global economy. We solve complex legal problems across borders and practice areas. Our unique culture, developed over 65 years, enables our 13,000 people to understand local markets and navigate multiple jurisdictions, working together as trusted colleagues and friends to instil confidence in our clients.

For more information, please contact:

Larysa Syvak-Anina

Marketing and PR Manager Baker McKenzie

If you have found a spelling error, please, notify us by selecting that text and pressing Ctrl+Enter.

Start
in the Telegram bot
Read articles. Share in social networks
0 Shares

Spelling error report

The following text will be sent to our editors: