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Managing Associate
Oleg Krainskyi is a Managing Associate at AVELLUM’s finance practice. Oleg advises both Ukrainian and international clients on matters relating to commercial lending, project finance, capital markets transactions, and debt restructurings.
Prior to joining AVELLUM Oleg worked as a junior associate at another leading Ukrainian law firm.
Bachelor of International Law degree, 2015, Ivan Franko National University of Lviv
Master of Laws degree, 2018, Taras Shevchenko National University of Kyiv
Recommended lawyer (Rising star) for Banking, Finance and Capital Markets in Ukraine; The Legal 500 (2021 - 2022)
Rising star for Banking, Finance, Restructuring and Insolvency in Ukraine; IFLR 1000 (2021 - 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
Advised 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
Advised EBRD in connection with up to a EUR50 mln loan to Communal Enterprise “Kyivskiy Metropolitan” guaranteed by the Kyiv City Council
Advised J.P. Morgan Securities Plc and Raiffeisen Bank International AG as arrangers on USD464 million bridge loan financing for Bakcell’s acquisition of Private Joint Stock Company "VF Ukraine"
Advised the Ministry of Finance of Ukraine on a USD 350 million term loan facility from Deutsche Bank AG
Advised the Ministry of Finance of Ukraine in connection with two syndicated EUR-denominated facilities arranged by Deutsche Bank in December 2018 and March 2019 for the total amount equivalent to approximately USD1 billion
Advised the National Power Company “Ukrenergo” on its USD 825 million of 6.875% notes guaranteed by Ukraine. Ukrenergo’s Eurobond represents the first Green and Sustainability-linked instrument from a Ukrainian issuer
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 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 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 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
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
Acted as the Ukrainian legal counsel to 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
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 Joint Stock Company “The State Export-Import Bank of Ukraine as borrower and Goldman Sachs International as dealer manager on USD316 million cash tender offer
AVELLUM advised the Ministry of Finance of Ukraine on 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 programme from the European Union.
AVELLUM 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.
The loan proceeds provided by the EBRD will be used for the expansion of the shopping mall’s lease area as well as for the financial restructuring of the NBP’s balance sheet.
Ukraine raised EUR1.25 bn at a record low coupon of 4.375%. This deal followed the EUR1 bn 6.75% issuance Ukraine made in July 2019, which was the country’s first Euro offering in over a decade.
The transaction was structured as the issue of USD100 million 9.95% per annum 10-year loan participation notes (with resettable coupon on the fifth anniversary of issuance) for the sole purpose of funding a subordinated loan to Ukreximbank.
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