24 April 2017
The largest Ukrainian poultry producer plans to redeem part of its outstanding Eurobonds with Y2020 maturity using proceeds from new Eurobonds issuance.
Planned volume of redemption is to make USD 350M (out of total outstanding at USD 750M). To finance planned operation MHP plans to issue new Eurobonds with (presumably) maturity after Y2020. With such an action the company plans to solve the problem of one-time Eurobonds redemption in total amount of USD 750M in Y2020, which is now perceived as one of main risks for MHP activity in middle-term perspective.
In case of successful plans realization MHP will significantly reduce its risk related to debt repayment/refinancing in Y2020.
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