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Asters advises BSTDB on EUR 10 million loan to Novopecherska School

Asters acts as a legal counsel to the Black Sea Trade and Development Bank (BSTDB) in connection with its EUR 10 million financing to Novopecherska School, a leading private education institution in Kyiv.

A 9-year loan will support the construction of the school's new building and will allow Novopecherska School, currently operating close to its capacity, to increase the number of students from 500 to 1,200. The school's modern state-of-the-art new facilities will be constructed in the Kyiv residential area of UNIT.City – the first Ukrainian innovation district, comprising residential and office buildings, co-working spaces, meeting and collaboration facilities, as well as social infrastructure.

Asters’ team advising on the project consisted of partner Iryna Pokanay, counsels Gabriel Aslanian and Anzhelika Livitskaand associates Inna Bondarenko and Viktoria Zagreba.

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The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. BSTDB is rated long-term “A-” by Standard and Poor’s and “A2” by Moody’s.

Asters is the largest law firm in Ukraine with offices in Kyiv, Washington D.C., Brussels and London. Chambers Europe 2020 recognizes 21 lawyers of Asters – the largest number of the renowned practitioners in a single Ukrainian law firm.

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