MHP was the first in Ukraine to close a deal to issue Eurobonds after 2022

MHP Agroholding became the first company in Ukraine to close a deal on a new Eurobond issue after the start of a full-scale war.

The first Eurobond issue after a full-scale invasion actually opens a window to the public bond market for Ukraine, the MHP press service reported.

“This is not only an important financial step, but also a clear signal that indicates long-term trust from international investors and financial institutions in the sustainability of MHP’s business model, the quality of corporate governance, and the company’s ability to operate in unprecedented challenges. This is a historic event for the country’s economy, which is overcoming the challenges of war,” the report says.

MHP set the bond issue price at a total principal amount of $450 million with a 10.500% coupon and a maturity date of 2029. The obligations under the bonds will be guaranteed by MHP SE, certain of its subsidiaries registered in Ukraine, and MHP Europe Limited.

Agroholding plans to use the proceeds from the placement of new bonds, together with its own $100 million, to repurchase all outstanding bonds of MHP Lux S.A. The total amount of these bonds is $550 million, they have a rate of 6.95% and are due for redemption in 2026. After the redemption, the company plans to fully repay them.

“It is expected that any 2026 bonds that are not tendered within the tender offer and redeemed for redemption will be redeemed at par value in accordance with the redemption notice published simultaneously with the tender offer announcement on February 18, 2026,” the company added.

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