White & Case
11 February 2011
WHITE & CASE ADVISES ON FIRST INTERNATIONAL HRYVNIA BOND
“This is a milestone deal that opens up the path for subsequent hryvnia bond issues on the international markets,” commented White & Case partner Stuart Matty. “Borrowers are looking for protection from currency fluctuation and investors are attracted by the potential benefit from currency appreciation. Buyers who are keen on Ukrainian currency exposure but want settlements via the international clearing systems now have that option open to them.”
White & Case also advised Citigroup and Credit Suisse on Ukreximbank's offering of U.S.$500,000,000 8.375 per cent Loan Participation Notes due 2015 issued by Biz Finance plc in April 2010.
The White & Case team involved on the deal was led by London partner Stuart Matty, assisted by partner Gavin McLean, senior associate Richard Pogrel and associate Marette Kemp. Magisters acted as Ukrainian legal counsel to Credit Suisse, Citigroup and Deutsche Bank.
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