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Asters Advises BSTDB on USD 20 Million Loan to Araks Shopping Malls Owners

Asters Advises BSTDB on USD 20 Million Loan to Araks Shopping Malls Owners

Ukraine
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Asters has advised the Black Sea Trade and Development Bank on up to USD 20 million in financing to the group of companies that owns two shopping malls under the Araks brand in Kyiv.

According to Asters, the loan will “support the modernization and upgrade of the commercial property owned by the group and located in Kyiv and Khmelnytskyi substantially for the purpose of improving their energy efficiency and reducing energy consumption, as well as the refinancing of the group's existing credit portfolio.”

Asters’ team included Partner Iryna Pokanay, Counsel Gabriel Aslanian, and Associates Inna Bondarenko and Viktoria Zagreba.

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