Agroholding MHP may place Eurobonds worth up to $1 billion

The agricultural holding MHP, which is to repay Eurobonds for $550 million this year, has begun preparations for a possible new bond issue.

This was reported by Interfax-Ukraine with reference to data in the information disclosure system of the National Securities and Markets Commission.

Thus, on January 8, at a shareholders’ meeting, a number of Ukrainian subsidiaries of MHP agreed to provide a guarantee to the holding company MHP Lux S.A. for a new issue of Eurobonds.

The total principal amount is no more than $1 billion with an interest rate not exceeding 25% per annum and a maturity of no more than five. The trustee will be the London branch of Citibank, N.A., and the lead manager will be J.P. Morgan SE.

Also at the meeting on January 9, it was agreed to conclude agreements related to the attraction of financing and/or refinancing by MHP SE (Cyprus) or MHP Lux S.A.

Earlier, USM reported that MHP had appointed a new head of the Central Hub.