24 May 2013
EPA&P Ukraine advises on the debut Eurobond issue by railway transportation companies in Ukraine

EPA&P Ukraine has acted for the Joint Lead Managers in connection with the debut issuance of USD 500 million Eurobond by Donetska, Lvivska, Odeska, Prydniprovska, Pivdenna, and Pivdenno-Zakhidna Railways supported by the State Administration of Railway Transport of Ukraine (Ukrzaliznytsia).

The Eurobond was structured through the loan participation notes mechanics and issued in the international markets for the sole purpose of funding loans to each of the six Railways. Due performance of their obligations by each of the borrowers is secured by a suretyship issued by Ukrzaliznytsia and some other companies of the railway transportation industry of Ukraine.

Olga Khoroshylova, partner at EPA&P Ukraine, said: «This is the debut Eurobond issued in the international markets by railway transportation companies of Ukraine and we are proud of having been a part of the professional team that has managed to bring this complex deal to successful financial closing».

EPA&P team was led by Olga Khoroshylova and included counsel Roman Stepanenko and associates Kateryna Oliynyk and Oleksii Latsko.