Asters, General Partner of the UBA, acted as Ukrainian law counsel to the United States International Development Finance Corporation (DFC) in connection with a 10-year loan portfolio guaranty agreement for a total of USD 28 million to support the financing of small and medium-sized enterprises in Ukraine. The United States Agency for International Development (USAID) co-sponsored the transaction with DFC. The new guaranty will enable ProCredit Bank to disburse loans of up to USD 56 million in total with a credit risk coverage of up to 80%.

Asters advised on all aspects of Ukrainian law related to the developing and signing the guaranty agreement. The team working on the project included Partner Oleksiy Demyanenko, Counsel Oleksandr Khomenko and Senior Associate Yuliia Savchenko. Mayer Brown LLP acted as US law counsel to the project.

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The U.S. International Development Finance Corporation (DFC) is the U.S. Government's development finance institution that finances solutions in energy, healthcare, critical infrastructure and technology sectors around the world.

The United States Agency for International Development (USAID) has worked in Ukraine since 1992, and currently delivers more than 40 activities across a broad portfolio approaching $2 billion.

Asters is the largest full-service law firm in Ukraine with offices in Kyiv, Brussels, London, and Washington, D.C., and access to over 125 jurisdictions through a well-developed network of partner law firms

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