Myronivsky Hliboproduct €550 million 6.95% eurobond issue

Overview:

• Agribusiness Myronivsky Hliboproduct issued a $550 million eurobond.
• The notes have a coupon of 6.95% and mature in eight years.
• MHP is a major poultry producer in the European market and has a large grain production business in Ukraine. MHP has been listed on the London Stock Exchange since 2008.
• The issue will be used to finance MHP's tender related to its outstanding 8.25% notes which are due in 2020 and for short-term debt refinancing, general corporate purposes and further expansion of the MHP's business.
• JP Morgan Securities, ING Bank, and UBS were joint lead managers on the eurobond.

Prin Shasiharan - Researcher