AVELLUM advised on Vodafone Ukraine acquisition and Eurobond financings

AVELLUM acted as the Ukrainian legal counsel to: J.P. Morgan Securities Plc and Raiffeisen Bank International AG as arrangers on USD 464 million bridge loan financing for Bakcell’s acquisition of PJSC VF Ukraine  structured through the purchase from MTS’s wholly owned subsidiary Allegretto s.a.r.l of its 100% stake in Dutch subsidiary Preludium B.V., the sole shareholder of Vodafone Ukraine; and JP Morgan Securities Plc, Raiffeisen Bank International, Dragon Capital, and ICBC Standard Bank as joint lead managers on Vodafone Ukraine’s Eurobond offering of USD 500 million 5-year 6.2% loan participation notes, proceeds of which were intended for, among others, the bridge loan prepayment.

AVELLUM team was led by senior partner Glib Bondar with support from senior associates Tetiana Mykhailenko and Anastasiya Voronova, and associates Oleg Krainskyi, Anna Mykhalova, and Mariana Veremchuk. Partner Vadim Medvedev, senior associate Anton Zaderyholova, and associate Yelyzaveta Kravtsova provided support on tax matters of the transaction.


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