As the MHP agricultural holding reports on the Irish Stock Exchange, its offer to buy out for 95% of the face value of Eurobonds worth $349 million with maturity on May 10, 2024 was accepted by the owners of Eurobonds for a total face amount of $138 million (39.54% of the outstanding total amount of bonds).
In the next nine days, when the buyout price was reduced to 85%, no bids were received.
It is noted that settlements with sellers were to take place on January 23. Bondholders will be compensated $950 for every $1,000 in principal amount of the bonds. Securities purchased as part of the tender offer will be cancelled.
MHP Eurobonds with a total nominal amount of $211.1 million remained in circulation.
MHP is a leading chicken producer in Ukraine. The holding controls all stages of chicken production: from growing grains and oilseeds, producing feed to producing hatching eggs and raising livestock, processing, marketing, distribution and sale of poultry meat.
