Business news from Ukraine


21 October , 2019  

Kernel, one of the largest Ukrainian agricultural groups, has issued $300 million aggregate principal amount of 6.5% notes (eurobonds) due October 17, 2024.
Kernel said on the website of the Warsaw Stock Exchange (WSE), the issue price was 99.475%.
The notes are rated BB- by Fitch, and B by S&P, two notches above and in line with Ukrainian sovereign respectively.
In January 2017, Kernel placed eurobonds worth $500 million. The maturity date of Kernel’s debut eurobonds was January 31, 2022, and the coupon rate was set at 8.75% per annum.
Kernel is the world’s largest producer and exporter of sunflower oil, the leading producer and supplier of agricultural products from the Black Sea region to world markets.