Ukrlandfarming places USD 250 mln in 5Y bonds with 10.9% coupon
22 March 2013
Ukraine’s largest farming holding Ukrlandfarming (UKRLAN) has placed a USD 250 mln, five-year Eurobond with a coupon rate of 10.875%, according to March 21 news reports. The placement was, therefore, effectively priced at nearly a 4.5pp premium to the sovereign curve, while the 2015 bond of the holding’s subsidiary, egg producer Avangard (AVINPU), is now traded with just a 3.4pp premium to the yield curve (with YTM being about 9.4%).
