Leading international law firm Clifford Chance has advised Citibank on two new OPIC guaranteed financings to two Ukrainian agricultural companies, namely, Astarta and Kernel, for the total value of $25 million each. These are the first transactions in Ukraine under a new loan program offered by Citibank and OPIC. The proceeds of the loans will be used towards the modernisation of production equipment the construction of additional storage capacity.

The transaction team comprised Catherine McCarthy (Partner) and Hana Bae (Associate) from the Washington office of Clifford Chance and Olexiy Soshenko (Counsel) and Dmitriy Orendarets (Associate) from the Kyiv office.

Clifford Chance is one of the worlds top law firms. It has been advising leading local and international companies in Ukraine since 1990. In 2008 the firm expanded its presence in the market by opening an office in Kyiv. Today Clifford Chance is one of the leading law firms in Ukraine. The Kyiv office of Clifford Chance is comprised of partners and lawyers qualified in Ukrainian and English law, who have extensive experience advising on all core areas of commercial activity, including banking and finance, debt restructuring, corporate/M&A, capital markets and real estate.