Global law firm White & Case LLP has advised the Ministry of Finance of Ukraine in relation to its offering of US$2 billion of 9.25% Notes due 2017. This is the first international bond offering by Ukraine since June 2011 and the proceeds will be used for general budgetary purposes.
“Against the backdrop of continuing instability in the European sovereign bond markets, it was gratifying to be able to complete this important capital markets financing for Ukraine,” said Ian Clark, partner, White & Case. “We have advised Ukraine on many significant matters since the late 1990s and remain committed both to the country and the broader CIS region. On top of our recent work advising Bulgaria and Qatar on major financings, this transaction underscores the continued strength of our sovereign advisory practice.”
White & Case continues to be one of the lead advisers of sovereigns and has worked with more than 60 nations over the past 30 years. This is the third sovereign bond transaction the Firm has closed this month, following the €950 million bond offering by the Republic of Bulgaria and the State of Qatar’s US$4 billion sukuk issuance.
In Central and Eastern Europe, the Firm has advised on capital markets transactions for countries including Serbia, the Slovak Republic, Lithuania, Croatia, Poland, Macedonia, Montenegro, the Czech Republic and the Republic of Latvia. White & Case first advised the Ministry of Finance of Ukraine in 1998 and this is the seventh capital markets transaction on which the Firm has advised.
The White & Case team was led by partner Ian Clark, supported by associates Michael Bark-Jones and Philip Baldwin, all based in London. The Ministry of Finance of Ukraine was advised as to matters of local law by Lavrynovych and Partners.
