Latham Advises On Ukraine’s USD $1.25 Billion Bond

A bond represents a promise by a borrower to pay a lender their principal and usually interest on a loan. Bonds are issued by governments, municipalities, and corporations. The interest rate, principal amount, and maturities will vary from one bond to the next in order to meet the goals of the bond issuer and the bond buyer.

Latham & Watkins advised the joint lead managers and bookrunners on Ukraine’s successful pricing of its new US$1.25 billion notes due 2029 in international capital markets. The issuance was priced at 6.875% annual yield. The proceeds will be used for general budgetary purposes.

Latham continues to be the market leader in Ukrainian capital markets where it regularly acts for issuers and underwriters on a variety of offerings.

Latham’s deal team was led by corporate partners David Stewart and Manoj Tulsiani, with associates Harrison Armstrong, Amina Tsatiashvili, and Clive Wong. Advice was also provided by London litigation partner Oliver Browne.

Ukraine is a country in Eastern Europe. It is the second largest country in Europe after Russia, which it borders to the east and north-east.

Latham & Watkins Overview

Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, Latham is the second-largest law firm in the world by revenue. As of 2021, Latham is also one of the most profitable law firms in the world, with profits per partner exceeding US$4.5 million.

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