2 May 2017
The largest Ukrainian poultry producer announced successful placement of Eurobonds for the total amount of USD 500M.
Maturity of new Eurobonds is Y2014, yield Ц 7.75%. As was earlier reported MHP planned to use proceeds from new bonds placement to refinance part of outstanding Eurobonds with maturity of Y2020 (according to the first results of the tender, the company obtained proposal for redemption of Eurobonds in total amount of USD 245M), as well as for refinancing of its short-term liabilities and financing of further development of the company in the segments of poultry production and grains growing.
In Y2017 MHP launches construction of its Vinnitsa complex second stage, which is expected to allow the company to increase volumes of its annual poultry production by 130k tons till Y2019 (in Y2016 total production made close to 570k tons).