18 July 2019, 11:08

Asters Acts as Borrower's Local Counsel on USD 500 Million Eurobonds Issue by Ukrzaliznytsia


Asters and Dechert counseled JSC Ukrzaliznytsia, Ukrainian public railway company, under Ukrainian and English law, respectively, on a USD 500 million Eurobonds offering of 8.25% notes due July 2024. This was the first “hard currency” offering from a quasi-sovereign borrower out of Ukraine since 2013 and the lowest coupon for a quasi-sovereign borrower out of Ukraine since 2011.

Asters advisory role implied full legal support under Ukrainian law with respect to transaction documents, related corporate and regulatory matters, and preparation of memoranda and legal opinions.

Asters' project team managed by Senior Partner Armen Khachaturyan included Partner Constantin Solyar (advising on tax law), Senior Associate Olena Nikolenko, Associates Diana Kondratieva, Roman Podzizei, and Iryna Voitova.


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