MHP announces 2020 Eurobond redemption price
21 October 2019
Ukraine’s leading poultry producer MHP (MHPSA)
announced the redemption price of its Eurobond maturing in April 2020 will be
USD 81.9 mln, or 103.148% of the nominal amount outstanding of USD 79.4 mln,
according to the company’s Oct. 21 announcement.
Andriy Peredrey: The company’s offering price for its Eurobond was higher than we
expected of 101% of the nominal, plus the accrued interest for the period of 19
days. So it was positive news for the holders of the illiquid 2020 bonds. But
we maintain our neutral view on the company’s Eurobonds.
