GLIB BONDAR

Senior Partner

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Information

Glib Bondar is a Senior Partner of AVELLUM and the Head of Finance and Energy practices. Glib focuses on financings, capital markets and debt restructurings. Glib’s additional expertise spans over energy and infrastructure projects. 

The last 20+ years of his legal practice Glib devoted to international financing and capital markets projects from Ukraine and was involved in many of the high profile and landmark cross-border lending, eurobond offerings and debt restructurings for Ukrainian sovereign/quasi-sovereign, municipal and corporate borrowers. He represented international and local clients, including major investment and commercial banks, financial institutions and corporates.

Chambers Europe

Top-ranked Glib Bondar is a market-leading practitioner with extensive experience in banking and finance matters. He brings to the table a broad range of expertise in financing, including sovereign debt, project financing and debt restructuring as well as capital markets work. Sources unanimously confirm his standing in the market, describing him as a “very experienced lawyer.”

DEBUT BOND ISSUE OF UKRAVTODOR AT THE INTERNATIONAL CAPITAL MARKETS WITH THE STATE GUARANTEE

700

Mln USD

AVELLUM acted as the Ukrainian legal counsel to the State Road Agency of Ukraine (“Ukravtodor”) and the Ministry of Finance of Ukraine in connection with the sovereign guarantee

EBRD LOAN TO COMMUNAL ENTERPRISE “KYIVSKIY METROPOLITAN” GUARANTEED BY THE KYIV CITY COUNCIL

50

Mln EUR

AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development

  • EDUCATION AND BAR ADMISSION

      Master of Laws degree (with honors), 2000, Taras Shevchenko Kyiv National University, Ukraine

      LL.M. degree, 2001, Columbia Law School, USA

      Admitted to practice law in Ukraine

  • RECOGNITION

      Leading lawyer in Ukraine for Banking and Finance Chambers Global & Europe (2014 – 2022)

      Leading lawyer in Ukraine for Restructuring/Insolvency Chambers Europe (2016 – 2022)

      Market leader in Ukraine for Banking, Capital markets and Financial restructuring IFLR1000 (2014 – 2021)

      Leading lawyer in Ukraine for Banking and Finance and Capital Markets Legal 500 (2011 – 2022), The Legal 500 Hall of Fame

      Market leader in Ukraine for Energy and Infrastructure and Project Finance IFLR1000 2021

  • RECENT EXPERIENCE

      Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a EUR200 million 15-year loan from the Italian Republic.

      Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a CAD450 million 10-year loan from Canada, disbursed through the IMF Administered Account for Ukraine.

      Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine, (ii) Private Joint Stock Company “National Power Company “Ukrenergo” (“Ukrenergo”), and (iii) the State Road Agency of Ukraine (“Ukravtodor”) in connection with their consent solicitations announced in July 2022.

      Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a EUR300 million and a 15-year credit facility from the French Development Agency as lender – to finance the general purposes of the state budget of Ukraine in order to maintain essential social public services

      Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a CAD500 million and a 10-year loan from Canada (represented by the Minister of Finance) as lender with Export Development Canada as administrative agent – to be used in a manner consistent with macroeconomic parameters and policy commitments made by Ukraine under its current IMF Program or subsequent IMF programs

      Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a USD500 million tap issue of Ukraine’s 6.876% notes due 2029, which were issued earlier this year. The total outstanding principal amount of the notes after the increase is USD1.75 billion

      Acted as the Ukrainian legal counsel to (і) the State Road Agency of Ukraine (“Ukravtodor”) on a debut USD700 million issue of 6.25% guaranteed notes due 2028 with a benefit of the sovereign guarantee, and (ii) the Ministry of Finance of Ukraine in connection with the sovereign guarantee

      Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with two loan agreements for a total amount of EUR116 million together constituting official financial support from France to Ukraine aimed at strengthening maritime safety and security of Ukraine

      Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with a USD1.25 billion notes issue with an 8-year maturity priced at 6.875% annual yield. This was the first issue of Ukraine’s Eurobonds admitted to listing on the London Stock Exchange

      Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on USD600 million tap issue of Ukraine’s outstanding USD2 billion 7.253% notes due 2033

      Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine in connection with an open market repurchase of Ukraine’s outstanding GDP-linked warrants funded through a tap issue of sovereign Eurobonds; and a new macro-financial assistance (MFA) programme from the European Union

      Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on the issuance by Ukraine of its new USD2 billion 7.253% senior notes due 2033

      Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on the second breakthrough issuance of EUR1,25 bln Ukraine’s euro-denominated notes

      Acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on the issue by Ukraine of EUR1 billion notes with a 7-year tenor, which marks the first euro-denominated offering Ukraine has made in almost 15 years

      Advised DTEK Group in connection with the debt restructuring under the two inter-conditional English schemes of arrangement for DTEK Energy B.V. and DTEK Finance PLC

      Advised Joint Stock Company “The State Export-Import Bank of Ukraine (“Ukreximbank”) as borrower and Goldman Sachs International as dealer manager on USD316 million cash tender offer

      Advised Metinvest Group on the successful refinancing of its USD2,271 million debt consisting of USD1,592 million issue of new eurobonds and the amendment and restatement of its pre-export finance facility allowing to secure USD765 million in the PXF facility

      Acted as a Ukrainian law counsel to the bondholder group composed of holders of guaranteed notes issued by Metinvest B.V., a holding company of a leading Ukrainian and international steel producer and exporter, in connection with the restructuring of USD2.3 billion of debt under its guaranteed notes and pre-export finance loan facilities

      Acted as a Ukrainian law counsel to the bondholder group composed of holders of senior notes (the “Notes”) issued by DTEK Finance plc in connection with the long-term restructuring of the Notes as part of the long-term restructuring of the debts of the DTEK Energy group. The restructuring of the Notes was implemented through an English scheme of arrangement approved by the High Court of Justice of England and Wales. According to the terms of the restructuring sanctioned by the court, two existing issues of USD750 million notes and USD160 million notes due in 2018, as well as certain other liabilities of DTEK Group were exchanged for a single new issue of the Notes due in 2024 with a coupon of 10.75% per annum

      Advised the City of Kyiv on Ukrainian law matters in connection with the exchange offer of USD250 million 8% 2015 Notes for new sovereign securities and GDP-linked securities and the exchange offer and consent solicitation of USD300 million 9.375% 2016 Notes for new sovereign securities and GDP-linked securities

      Advised the National Power Company “Ukrenergo” on its debut USD 825 million issuance of 6.875% sustainability-linked notes guaranteed by Ukraine. The issue represents the first Green and Sustainability-linked instrument from a Ukrainian issuer

      Advised (і) the State Road Agency of Ukraine (“Ukravtodor”) on a debut USD700 million issue of 6.25% guaranteed notes due 2028 with a benefit of the sovereign guarantee, and (ii) the Ministry of Finance of Ukraine in connection with the sovereign guarantee.

      Advised Interpipe Holdings Plc on USD300 million issue of 8.375% guaranteed notes due 2026. The notes were admitted to listing on the Luxembourg Stock Exchange

      Advised Kernel Holding S.A. on USD300 million offering of 6.75% guaranteed notes due 2027 combined with a tender offer for the notes maturing in January 2022

      Advised Metinvest B.V. on issuance of USD333 million, 7-year 7.65% notes due in 2027; and cash tender offers on its USD118 million 7.50% senior notes due 2021, of which USD115,309,027.07 were then outstanding, and USD944.5 million 7.75% senior notes due 2023, of which USD504,515,000.00 were then outstanding, with a concurrent consent solicitation in respect of the 2021 bonds to include the issuer’s call option

      Advised JP Morgan Securities Plc, Raiffeisen Bank International, Dragon Capital, and ICBC Standard Bank as joint lead managers on Vodafone Ukraine’s Eurobond offering of USD500 million 5-year 6.2% loan participation notes

      Advised DTEK Renewables on a debut EUR325 million 5-year 8.50% green Eurobond offering

      Advised Citigroup Global Markets Limited as lead manager in connection with an offering by Naftogaz of Ukraine of USD500 million 7.625% loan participation notes due 2026

      Advised Kernel Holding S.A. in connection with an offering of USD300 million 6.5% guaranteed notes due 2024

      Acted as the Ukrainian legal counsel to Metinvest B.V. on (i) dual-currency Eurobond issue, including a USD500 million 10-year tranche at 7.75% per annum and a EUR300 million 5-year tranche at 5.625% per annum and (ii) a tender offer for the USD944,5 million Eurobonds due in 2023 to purchase for cash up to USD440 million of the paper

      Advised MHP Lux S.A. on USD350 million offering of 6.250% notes due 2029

      Advised the joint lead managers, Citigroup Global Markets Limited and Deutsche Bank AG, London Branch, with respect to 7.125% EUR600 million and 7.375% USD335 million Eurobond offering of Naftogaz of Ukraine

      Advised the joint lead managers with respect to UAH4.051 billion Eurobond offering by Joint Stock Company “The State Export-Import Bank of Ukraine (“Ukreximbank”). The transaction was structured as an offering of UAH4.051 billion, 16.5% loan participation notes due in 2021

      Advised MHP on USD550 million, 8 year, 6.95% Eurobond issue with the benefit of the guarantees from its Ukrainian subsidiaries

      Advised Kernel Holding S.A. in connection with an offering of its USD500 million 8.75% guaranteed notes due 2022

      Advised MHP S.A. on the benchmarck USD500 million, 7 year, 7.75% Eurobond issue with the benefit of the guarantees from its Ukrainian subsidiaries

      Advised Noteholders’ Committee of Mriya Agro Holding plc (representing majority of USD470 million notes issued by Mriya Agro Holding) in connection with restructuring of Mriya Agro Holding debt

      Advised large Ukrainian industrial group on tax and legal aspects of restructuring of its Crimean business operations upon occupation of Crimea by Russian Federation

      Advised Asamer Holding AG, a major Austrian producer of building materials, in the restructuring of the group’s external debt and corporate restructuring of part of the group

      Advised Interpipe, the leading producer of steel pipes in Eastern and Central Europe, in connection with the restructuring of its USD887 million credit portfolio

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Vadim Medvedev is a Partner with AVELLUM's Tax and Litigation practices.

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Mykyta Nota is a partner at AVELLUM and the Head of Competition practice.

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