Aequo advises the European Fund for Southeast Europe (EFSE) on financing to OTP leasing

AEQUO advised the European Fund for Southeast Europe (EFSE), one of the largest development finance funds worldwide, on the Ukrainian law matters of granting a EUR 10 million loan in local currency to OTP LEASING, the leading Ukrainian leasing company.

EFSE aims to foster economic development and prosperity by investing in the success of micro and small enterprises; helping them grow, generate additional income, and create employment; as well as improved living conditions for private households.

The loan is provided under extraordinary circumstances during the Covid-19 crisis that have impacted the economy and limited new leasing opportunities in the markets.

AEQUO team assisted EFSE in preparing and negotiating the transaction documentation and issued legal opinion in EFSE’s favor to confirm the validity and enforceability of the transaction and supporting documents.

"Our team is very honoured to have assisted EFSE in its endeavours aimed at supporting Ukrainian businesses, affected by the Covid-19 crisis. We believe that additional financing would help OTP LEASING to overcome these challenging times, as well as increase its efficiency and productivity. We are also honored to be chosen as the EFSE’s advisor once again. This demonstrates the client’s confidence in AEQUO’s exceptional services and deep understanding of financial matters. We believe in the further success of the project and look forward to our fruitful cooperation with the Fund", comments Yulia Kyrpa.