MHP shares rose 10.19% after placing $450 million in Eurobonds
29.01.2026 - 16:12
Shares of the agricultural holding MHP rose to their highest since 2020 amid news of the placement of Eurobonds.
MHP has completed the placement of Eurobonds for $450 million with a rate of 10.5% and a maturity date of 2029, Interfax reports.
As the company reported in an announcement on the London Stock Exchange (LSE), the funds raised are planned to be used to refinance existing debt.
“MHP intends to use the funds received from the sale to finance the tender offer and the redemption of the entire aggregate nominal value of $550 million of MHP bonds with a rate of 6.95% and a maturity date of 2026,” the message says.
The issuer of the new issue was again the subsidiary MHP Lux S.A. (Luxembourg) with guarantees from the parent MHP SE and individual Ukrainian “subsidiaries”. The new Eurobonds have a CCC+ rating from S&P.
Against the backdrop of the news, MHP shares rose by 10.19% on Wednesday to $9.08 per share, the highest level since the beginning of 2020. At this rate, the company’s market capitalization is about $914 million.
As previously reported by USM, MHP was the first in Ukraine to close a deal to issue Eurobonds after 2022.
