The Kyiv, London and Amsterdam Offices of Baker & McKenzie acted as legal counsel to Metinvest B.V. in connection with an update of its US$1.5 billion Guaranteed Medium Term Note Programme, issuance of US$289,734,000 10.50 per cent. Guaranteed Amortising Notes due 2017 under the Programme and exchange offer in respect of its outstanding US$500 million 10.25 per cent. Guaranteed Notes due 2015.

The Kyiv Office’s Managing Partner Serhiy Chorny commented: "Many experts did not believe that the transaction will complete with such a success, given the difficult market conditions and especially the fact that certain significant production facilities of the group are situated in the Eastern Ukraine, some of them are in fact in the conflict zone. Nonetheless, proper solutions were found by the Group’s management, lead managers and legal counsels, including our multijurisdictional team."

The Kyiv office team working on this project included Partner Serhiy Chorny, Senior Associate Andriy Nikiforov and Associates Victoria Ischenko, Maksym Hlotov and Ganna Smyrnova. The London and Amsterdam offices of Baker & McKenzie acted as English, US and Dutch counsel to Metinvest B.V. The London and Amsterdam teams were led by Partners Roy Pearce, Adam Farlow and Philippe Steffens.

Baker & McKenzie advised Metinvest Group on all of its Eurobond deals since 2006.