Sayenko Kharenko – legal counsel on DTEK debut Eurobond issue
Sayenko Kharenko acted as a Ukrainian legal counsel to ING, The Royal Bank of Scotland and Erste Group Bank AG, the deal managers of USD 500 million Eurobond placement by DTEK (part of System Capital Management).
The debut Eurobonds were issued for the period of 5 years with 9.5% coupon. Investors showed considerable interest in the issue, oversubscribing the final order book almost four times. DTEK Eurobond issue is expected to increase the interest in the entire Ukrainian energy industry.
Sayenko Kharenko team included partners Michael Kharenko and Nazar Chernyavsky, and lawyers Igor Lozenko, Olena Pidgorna.