this press release<\/a> for details). The 2018 deal has been structured as loan participation notes and had other distinguishing features (in terms of currency controls, taxation, etc.) as compared to Ukreximbank\u2019s 2011 deposit-linked notes issue.<\/p>\nAccording to Ukreximbank: \u201cThe transaction has allowed Ukreximbank to raise funds denominated in hryvnia for a three-year period \u2013 a term that is practically unavailable for local market borrowings at the moment. The transaction will enable JSC Ukreximbank to proceed with its long-term lending projects, which will contribute towards establishing favorable conditions for the Ukrainian economy\u2019s sustainable development.\u201d<\/p>\n
\u201cIt is always a great pleasure to work with Ukreximbank team. Many of their deals are first-of-a-kind and, like the present one, often unmatched by the rest of the market. We hope to see other Ukrainian banks follow Ukreximbank into international capital markets soon, especially given that the Ukrainian tax opportunity window for Eurobonds will close this year,\u201d said Anton Korobeynikov, Sayenko Kharenko partner.<\/p>\n
JSC \u201cThe State Export-Import Bank of Ukraine\u201d is a 100\u00a0% state-owned bank, one of the major operators in the Ukrainian banking market. The bank services a large portion of export and import transactions by Ukrainian business, acts as a sole financial agent of the Ukrainian government for loans from foreign financial institutions, and partners with major international financial institutions in their Ukrainian business development programs.<\/p>\n
Sayenko Kharenko team was led by partner Anton Korobeynikov and included senior associate Marta Lozenko, associate Denys Nakonechnyi, junior associates Vira Pankiv and Oles Trachuk. Senior associate Konstantin Penskoy and associates Yurii Dmytrenko and Mykhailo Grynyshyn provided Ukrainian tax and corporate advice.<\/p>","protected":false},"excerpt":{"rendered":"
Sayenko Kharenko has acted as Ukrainian legal counsel to JSC \u201cThe State Export-Import Bank of Ukraine\u201d in connection with UAH 4,051,000,000 (approximately USD\u00a0150,000,000) 16.5 per cent. Loan Participation Notes due 2021. Citigroup Global Markets Limited and J.P. Morgan Securities plc acted as joint lead managers for the issue. The transaction is the second ever UAH-denominated […]<\/p>\n","protected":false},"author":4489,"featured_media":101583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[24,23],"tags":[],"yoast_head":"\n
Sayenko Kharenko advises Ukreximbank on successful UAH 4 billion repeat of hryvnia-denominated Eurobond - European Business Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eba.com.ua\/sayenko-kharenko-yurydychnyj-radnyk-ukreksimbanku-u-zv-yazku-z-uspishnym-povtornym-vypuskom-yevroobligatsij-na-sumu-4-milyardy-gryven\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sayenko Kharenko advises Ukreximbank on successful UAH 4 billion repeat of hryvnia-denominated Eurobond - European Business Association\" \/>\n<meta property=\"og:description\" content=\"Sayenko Kharenko has acted as Ukrainian legal counsel to JSC \u201cThe State Export-Import Bank of Ukraine\u201d in connection with UAH 4,051,000,000 (approximately USD\u00a0150,000,000) 16.5 per cent. 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