Sayenko Kharenko advises BNP Paribas, HSBC and UBS on USD 500 million Eurobond offering by UkrSibbank


SAYENKO KHARENKO has acted as Ukrainian counsel to BNP Paribas, HSBC and UBS, the joint lead managers of USD 500 million 7.75% loan participation notes due 2011 issued by HSBC Bank Plc on a limited recourse basis for the sole purpose of funding the loan to Joint-Stock Commercial Innovation Bank "UkrSibbank".

This is the third Eurobond issue by UkrSibbank, and the first one following the acquisition of 51% of the bank by BNP Paribas Group. The placement became the largest and most successful one among Ukrainian private banks.

The team of Sayenko Kharenko on this transaction was led by the partner Michael Kharenko assisted by Nazar Chernyavsky, Olexander Olshansky and Anton Korobeynikov.