AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on another milestone Eurobond deal. The issue by Ukraine of EUR1 billion notes with a 7-year tenor marks the first euro-denominated offering Ukraine has made in almost 15 years.

The notes are part of the Government's strategic policy to diversify Ukraine's mostly US-dollar denominated debt stock as announced in June this year. Priced at an attractive 6.75%, the notes also helped to balance out the state budget aggregate debt servicing costs.

"This Euro-denominated issue is a valuable addition to our public finance portfolio", senior partner Glib Bondar commented, "Since Ukraine's return to Eurobond market in late 2017, AVELLUM has advised the Ministry of Finance on a number of its well-received capital market deals. We are honoured to continue that record and be part of the work behind the success of this deal."

The AVELLUM team was led by senior partner Glib Bondar with support from associates Oleg Krainskyi and Mariana Veremchuk.