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Hesburger opens its second restaurant in Belarus
We assisted Hesburger, one of the largest fast-food chains in northern Europe, with further expansion of its presence in Belarus. Our team leading the project – consisting of partner Kiryl Apanasevich, senior associate Aliaksei Daryin and associates Alesia Khadasevich, Aliaksei Vashkevich and Artem Semchik – assisted with purchasing the premises for its second restaurant site, […]
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Mozyr Sawmill borrows EUR 15 million from EBRD
We are advising Estonian Kaamos Group and its subsidiaries Kaamos Timber (Estonia) and Mozyr Sawmill (Belarus) on EUR 15 million debt financing from the European Bank for Reconstruction and Development (EBRD) for construction of a new sawmill in Belarus on a brownfield site near Mozyr, one of the country’s oldest towns. This is the second […]
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EBRD to provide over EUR 200 million to Kronospan
We advised the European Bank for Reconstruction and Development (EBRD) on provision of a more than EUR 200 million financing package to Belarusian subsidiaries of the Kronospan group. EUR 40 million out of this package will be syndicated to commercial banks. Kronospan group is the market leader in the wood-based panel sector. It manufactures wood-based […]
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First ever cross-border derivative transaction with Belarusian corporate
Sorainen Belarus supported a major Russian bank with a cross-currency interest rate swap with a Belarusian corporate. The transaction was based on the Russian ISDA Master Agreement, the regional analogue of the ISDA Agreement (RISDA). To our knowledge, this is the first ever cross-border derivative transaction with a counterparty from the Belarusian corporate sector. Our […]
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Mogo Finance places EUR 25 million tap on existing 9.5% corporate bond 2018/2020
Mogo Finance (Luxembourg) successfully placed a EUR 25 million tap issue of its 9.50% corporate bond 2018/2022 (XS1831877755) at 95% plus accrued interest. The bonds are listed on the regulated market of the Frankfurt Stock Exchange following approval of the prospectus by the CSSF in Luxembourg. Following completion of the tap issue, the total outstanding […]