MHP raises USD 100 million through tap issue of Eurobonds

MHP has raised an additional USD 100 million through a tap issue of Eurobonds at a coupon rate of 10.5% with maturity in 2029. The proceeds will be used to fully repay the company’s 2026 debt and to preserve liquidity for future investments, according to a statement published on the London Stock Exchange.

The company reported the completion of an additional Eurobond placement in the amount of USD 100 million. The bonds are 10.5% notes due 2029, issued by MHP Lux S.A., a wholly owned subsidiary of MHP. The additional notes were consolidated into a single series with the EUR 450 million bonds of the same issue placed on January 28, 2026. As a result, the total size of MHP’s eurobond issue maturing in 2029 now stands at USD 550 million.

MHP said that the proceeds from the tap issue, together with funds raised from the main placement, will be used for a tender offer and the full redemption of MHP Lux S.A. eurobonds maturing in 2026, with a total outstanding amount of USD 550 million.

The company explained that the additional placement allowed it to avoid using USD 100 million of its own funds that had previously been planned for partial repayment of the 2026 debt.