Ukraine's MHP to buy back Eurobonds for $138 mln at 85% of face value

The agricultural holding MHP purchased Eurobonds with maturity in May 2024 ahead of schedule

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.

Related posts