Ukraine's MHP receives bids for buying $330.8 mln, or 60.1% of 2026 Eurobonds

MOSCOW. Jan 30 (Interfax) - MHP, a leading Ukrainian and international food and agricultural producer, received bids for buying $330.786 million, or 60.01% of its Eurobonds, shortly after it announced a $550 million issue on January 15, 2026 due on April 3, 2026, Ukrainian media said citing the company's report at the London Stock Exchange (LSE).

In light of the successful placement of new 2029 Eurobonds worth $450 million, settlements with holders of the 2026 bonds who submitted bids for their repurchase are planned for February 4, it said.

MHP pointed out that the tender offer's expiration deadline is 11:59 p.m. New York City time on February 12, and all outstanding 2026 Eurobonds are to be repurchased on February 18.

The lead manager of the repurchase is JP Morgan.

As reported, the repurchase price of the 6.95% 2026 Eurobonds was set at par during the tender. MHP placed the new 2029 Eurobonds at 10.5% per annum.

On January 15, when MHP announced the repurchase of its 2026 Eurobonds, they rose 0.12% to 95.31% of par, a maximum since the end of 2021, while the 2029 bonds rose 0.10% to 86.17% of par. This Friday, January 30, they rose 0.03% to 97.81% and 0.22% to 89.38%, respectively.

MHP's new 2029 Eurobonds rose on Friday 0.16% to 102.2% of par.

MHP is the largest chicken producer in Ukraine. It cultivates 360,000 hectares of farmland in 12 regions of Ukraine. It produces grain, vegetable oil, and meat products, which it exports to more than 80 countries.

The holding's production assets are based in Ukraine and Southeast Europe, and it also has subsidiaries in the Netherlands, the United Kingdom, the United Arab Emirates, Saudi Arabia, and EU countries.

MHP's sales in January-September 2025 grew 16% to $2.635 billion and net profit grew 52.5% to $215 million.