“I was lucky enough to be part of most of the landmark transactions in Ukraine, including the first sovereign bond issue, the debut Eurobonds of most of the larger corporates and the first international IPO from Ukraine,” says Paseniuk. The latter was a £68 million listing of real estate developer XXI Century on London’s small-cap AIM market, which took place in December 2005. A flurry of IPOs of followed over the next three years, mainly from Ukraine’s big agricultural and commodity firms.
Makar Paseniuk, head of investment banking at ICU, says: “The financial crisis worked out well for us because most of the foreign-owned banks stopped dealing in Ukrainian securities at that point and we were able to pick up most of the business that was left by ING as well as other banks, like Citi and Deutsche Bank.”
Exclusive interview with the Managing partner of ICU financial group Makar Paseniuk and VR Capital Group (USA) President Richard Deitz about joint projects in alternative energy.
Commenting on ICU’s sponsorship, Makar Paseniuk, Managing Partner at ICU said, “We are proud to support events that shine a spotlight on creative and innovative projects in Ukraine as well as the attractive investment opportunity in the country.”
Makar Paseniuk, managing partner at ICU, said his firm has about 30% of the Ukrainian fixed income market after almost ten years of investing in distressed debt. “In 2009 we bought a lot of defaulted domestic corporate bonds and then spent two years working on recovering their value either through litigation or restructuring negotiations. In 2015 following regional macro events similar things happened but on a grander scale."
