Asters acted as a Ukrainian law counsel to International Finance Corporation (IFC), a member of the World Bank Group, in connection with up to USD 20 million loan to Nyva Pereyaslavshchyny, a leading Ukrainian pork producer.
IFC is providing a long-term loan to finance Nyva's working capital in an effort to limit potential input supply chain disruptions in meat production due to the COVID-19 pandemic, thereby supporting domestic food security. Nyva Pereyaslavshchyny is an IFC client since 2015. Apart from this transaction, Asters also provided legal support to the IFC in connection with its second investment in Nyva in 2018.
The project is core to IFC’s strategy aiming to unleash the potential of Ukraine’s agribusiness sector and enable the country to play a more significant role in food security. Since 2004, IFC has committed over $3.3 billion in long-term financing in Ukraine across a diversified portfolio of projects and implemented a wide-ranging advisory program.
Asters’ banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associates Inna Bondarenko and Viktoria Zagreba.