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21 December 2010

Asters advises EBRD on USD140 million subordinated loan to UkrSibbank for reinforcement of its capital structure

Asters acts as a legal counsel to the European Bank for Reconstruction and Development (EBRD) in connection with a ten-year USD 140 million subordinated loan provided to UkrSibbank, the subsidiary of BNP Paribas Group.

Overall, the EBRD financial package will contribute to strengthening of UkrSibbank structure of capital and, in its turn, will justify the EBRD's initiatives on the way to Ukrainian banking sector's recovery.

Asters' banking and finance team advising EBRD on the transaction included partner Iryna Pokanay, associates Gabriel Aslanian and Yevgen Porada.

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