MHP SE announced Eurobond closing

Kyiv, Ukraine, 6 April 2018 — The Kyiv office of Baker McKenzie acted as Ukrainian law counsel for J.P. Morgan Securities plc, ING Bank N.V. and UBS Limited as Joint Lead-Managers with respect to the issue of USD 550 million 6.95% Notes due 2026 by MHP Lux S.A.
 
MHP Lux S.A. is a member of the MHP (Myronivskyi Hliboprodukt) Group, a leading Ukrainian agricultural producer.  The proceeds of the Notes will be used to finance MHP Group's tender related to its 8.25% Notes due 2020 and for short-term debt refinancing, general corporate purposes and further expansion of the MHP Group's business.
 
Baker McKenzie’s team was led by Managing Partner Serhiy Chorny with key input from Partner Viacheslav Yakymchuk and Associates Ganna Smyrnova, Stepanyda Badovska and Olga Gavrylyuk.
 
Commenting on the transaction, Serhiy Chorny noted, “leading Ukrainian companies like MHP attract significant interest in the international capital markets, notwithstanding the still difficult state of Ukraine's economy. The success of this Eurobond issue is a clear indication that significant Ukrainian businesses can attract foreign financing on good terms, and consistent reforms in Ukraine will open opportunities in the international markets for a broader spectrum of Ukrainian companies. It was a great pleasure to work with MHP and its talented management team, and we wish the company and its leaders much success in their future endeavours in the international markets."