Asters, working with Mayer Brown, has advised the United States International Development Finance Corporation on a loan portfolio guarantee for ProCredit Bank.
According to Asters, the 10-year loan portfolio guarantee agreement is 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 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%."
The Asters team included Partner Oleksiy Demyanenko, Counsel Oleksandr Khomenko, and Senior Associate Yuliia Savchenko.
Asters could not provide additional information on the matter.
