Kernel Holding plans to issue Eurobonds?

28 December 2016

According to smida.gov.ua shareholders of one of Kernel Group sunflower oil producers Poltava Oil Refinery provided their consent to guarantee potential Eurobonds issue. Amount of issue is to be not higher than USD 650M, tenor up to 5 years, coupon rate not higher than 11%..

We estimate that Kernel can use proceeds from Eurobonds placement both to refinance existing debt (USD 415M as of 30.09.16) and to finance its rather ambitious investment program for the following two years increase of land bank, purchase of new oilseeds crushing facilities (with annual capacity of up to 1.5M tons), new grains export terminal construction.

See all news
All about Kernel

Popular on site:
Kernel reports financials for Q1 FY2017
Ovostar reports Q3 2016 financials
Ukrainian farmers are finishing harvesting campaign

Company Price, USD Market Cap Change,%
MHP
Kernel
Ferrexpo
Astarta
Ovostar

Type Price Weekly change,% Annual change,%
Corn CBOT
Wheat CBOT
Iron Ore
Crude Oil

Currency Rate Weekly change,% Annual change,%
USD/UAH
EUR/USD
USD/RUR