Aequo has acted as Ukrainian law counsel to KfW (Kreditanstalt für Wiederaufbau) – a German government-owned development bank – in connection with the extension to OTP Leasing LLC, the leading Ukrainian leasing company, of a loan in the amount equal to USD 17 million. The loan will be used for financing leasing transactions with private Ukrainian small and medium-sized enterprises (SMEs) in agribusiness. Significantly, it is the first subordinated loan to a non-banking institution ever disbursed by KfW in Ukraine.
Aequo's lawyers assisted KfW in elaborating the structure of the transaction, preparing and negotiating transaction documentation and issued a legal opinion in favour of KfW to confirm the validity and enforceability of the transaction documents.
“We are honoured to have represented KfW in this very successful project in Ukraine. KfW’s loan is a significant support for OTP Leasing, enabling it to expand its leasing portfolio, and attract new financing from other international lenders. This transaction marks one more important milestone in the leasing market of Ukraine in addition to the UAH denominated loan by EBRD to OTP Leasing in 2017, which was also advised by the Aequo Team,’’ said Yulia Kyrpa.