NEWS (September 30, 2010)

Avellum Partners advised PrivatBank

Avellum Partners has acted as Ukrainian law counsel to Public Joint-Stock Company Commercial Bank PrivatBank with respect to its USD 200 million five-year Eurobonds offering.

The transaction was structured as an offering of USD 200 million 9.375% loan participation notes due in 2015, which are listed on the London Stock Exchange.

The Avellum Partners team was led by partners, Glib Bondar and Kostyantyn Likarchuk, with significant input from associates Vladyslav Golub, Iryna Nikolayevska and Mykyta Nota.

Freshfields Bruckhaus Deringer acted as English and US legal advisor to PrivatBank.

UBS Limited and HSBC Bank plc were the joint lead managers of the issue, and were advised by Linklaters on English and US law matters.

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