Business news from Ukraine


15 October , 2019  

Kernel, one of the largest Ukrainian agricultural groups, has placed $300 million eurobonds with a coupon rate of 6.5% and maturity in 2024, one of the market participants has told Interfax-Ukraine.
According to him, the pricing was set at 6.625%, the securities were sold at a price of 99.475% of the face value.
The organizers of the placement were ING Bank, JP Morgan.
The company did not comment on this information to the agency, saying that the details were planned to be released on October 17.
As reported, 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.