Ukraine's MHP places $100 mln 2029 Eurobonds at 104% of par
MOSCOW. Feb 10 (Interfax) - Leading Ukrainian and international food and agricultural company MHP has announced the closing of an additional aggregate principal amount of 10.5% notes worth $100 million due in 2029 issued at an issue price of 104% of par plus accrued interest from January 28, 2026, Ukrainian media reported.
These addition notes will be consolidated and form a single series with the $450 million aggregate principal amount of notes issued on January 28, 2026, media outlets quoted the company as saying in its stock market report on Tuesday.
JP Morgan SE (Frankfurt am Main, Germany) and Dragon Capital (Kiev, Ukraine) act as dealer managers.
The additional 2029 Eurobond issue replaces the use of $100 million of the group's internal cash, which is primarily kept outside of Ukraine and will be allocated to the group's future investment initiatives, it said.
According to Frankfurt Stock Exchange data, MHP's new 2029 Eurobonds on Tuesday are bought at 103.29% of par, or at 9.6014% per annum, and are sold at 104.51% of par, or at 9.1733% per annum.
As reported, MHP 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.
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 repurchase price of the 6.95% 2026 Eurobonds was set at par during the tender.
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 revenue in January-September 2025 went up 16% to $2.635 billion and net income grew 52.5% to $215 million.
