MHP received redemption requests for $330.8 million, or 60.1% of the Eurobonds-2026.

The international food and agricultural technology company MHP in the early period of the announced January 15th buyback of $550 million in eurobonds maturing on April 3 of this year received redemption requests for the amount of $330.786 million, or 60.01%, according to a company announcement on the London Stock Exchange, writes Interfax Ukraine. According to it, due to the successful placement of new eurobonds with a maturity in 2029 for $450 million, payments to the owners of the 2026 bonds who submitted redemption requests are planned for February 4. MHP reminded that the tender offer for the buyback ends at 23:59 (New York time) on February 12, and the redemption of all 2026 eurobonds still in circulation is scheduled for February 18. JP Morgan is acting as the lead manager of the buyback. As reported, the buyback price of the 2026 eurobonds, which were issued at 6.95% per annum, was set at par in the tender. MHP placed the new 2029 eurobonds at 10.5% per annum. On January ...