Demand for MHP Eurobonds 5x higher from supply

The demand for the MHP Eurobonds is several times the offer, reports Sergey Fursa, investment banker, Dragon Capital specialist in fixed income sales, UNN writes.

"The company offered USD 350 million Eurobonds with an estimated yield of 6.25% per annum and the volume of demand exceeded supply 5x, having confirmed the status of the favourite Ukrainian issuer in the City of London," comments Sergey Fursa.

The Notes are expected to be rated B+ by Fitch, and B by S&P. The Luxembourg MHP Lux S.A. is the issuer.

Earlier the company informed about the purpose of USD 350 mln Eurobonds issuance.

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