Final yield benchmark for seven-year eurobonds of Metinvest set at 7.95-8.05% - source
The final benchmark for the yield of seven-year eurobonds of Metinvest with the expected volume of $ 300 million has been set at 7.95-8.05%, a source in banking circles has told Interfax-Ukraine.
He noted that the initial target was about 8.5%, and then was reduced to 8.25%.
The source added that the demand for bonds exceeded $ 1.6 billion.
Earlier, on September 15, Metinvest, the largest Ukrainian mining and metallurgical holding, offered to buy back its eurobonds maturing in 2021 and 2023 for a total amount of up to $ 290 million (including, inter alia, commissions for tenders), in particular through the issue of new eurobonds.
The purpose of the offer is to proactively manage and extend the maturity of the issuer's debt, and leverage favorable market conditions to refinance bonds to provide a more stable and long-term capital structure with a lower refinancing risk, the company said on the website of the Irish Stock Exchange.
Advertising
Advertising
MORE ABOUT
Moody's confirms Metinvest's ratings, changes outlook from negative to stable
21:48, 01.04.2024
Metinvest intends to build plant in Italian Piombino as one of most technologically and environmentally advanced of its kind; it to become pilot for our future investments – CEO
18:53, 01.04.2024
Logistics, currency liberalization, transparent reservation important for development of export-oriented companies in wartime – Metinvest CEO
17:59, 27.03.2024
NBU takes into account govt requests to help group of companies with payments on eurobonds
14:39, 04.03.2024
NBU has final say in allowing companies to pay eurobonds from Ukraine
19:29, 26.02.2024
LATEST
Concorde Capital to carry out large-scale reconstruction of Kyiv bus station
20:54, 24.04.2024
DTEK machine builders complete delivery of 30 transport trolleys for Pavlohradvuhillia
20:24, 24.04.2024
Ukraine receives EUR 1.5 bln in Bridge financing from EU under Ukraine Facility – Ministry of Finance
14:16, 24.04.2024
Ukraine to secure additional EUR 100 mln from Council of Europe for healthcare reconstruction
20:42, 23.04.2024
Ukraine ships over 200,000 tonnes of food aid to African countries through Grain from Ukraine