Also, the agro holding intends to hold a meeting with investors regarding the release of a new series of Eurobonds
Agroholding Myronivsky Hliboproduct (MHP) offered to holders of Eurobonds with a maturity of 2020 to early redeem part of the securities for cash in the amount of $247,8 million it is reported “Interfax-Ukraine” with reference to the holding company on the website of the London stock exchange (LSE).
The initial round of applications ends March 21, 2018 at 17:00 new York time. At this stage, the company offered to repurchase the bonds maturing in 2020 at $1,095 thousand and $1 thousand nominal value (excluding accrued interest).
EBRD gave money to the MHP on biogas plant
After March 21, $1 thousand nominal value of Eurobonds will be paid $1,065 thousand the deadline for receipt of applications is 23:59 new York time on 6 April 2018.
MHP says that currently are in circulation of bonds maturing in 2020 in the amount of $495,6 million
MHP for €25 million from the EBRD to build a biogas plant
The joint dealer managers for the transaction are British division of J. P. Morgan, ING Bank and UBS.
In parallel, the agricultural holding has announced plans to hold a meeting with investors regarding a possible issuance of a new series of Eurobonds.
Details of the new issue in the message are not specified.
Agricultural holding Kosyuk will help in the implementation of the 10 startups
Earlier UBR.UA reported that the MHP following the tender for redemption of Eurobonds for $750 million maturing April 2, 2020, held in may 2017, the year he received offers to repurchase the securities at $245,2 million After the repurchase, the issue volume in circulation declined to $504,8 million in Parallel to the holding company issued new Eurobonds for $500 million with a maturity of 2024 and a coupon of 7.75% per annum. These two issues of Eurobonds make up over 86% of gross debt, which as at 31 December 2017 is $1 billion 157 million
Agricultural holding Kosyuk refused to buy the Polish poultry
Recall that MHP is the largest producer of chicken meat in Ukraine. The company also produces grain, sunflower oil, processed meat products. The European market MHP supplies chilled half-carcasses of chickens that are processed, including its enterprises in the Netherlands and Slovakia. The founder and majority shareholder of MHP is a Ukrainian businessman Yuri Kosyuk.