Ukrlandfarming has paid out USD 27.19 million of interest to Eurobonds holders
2013-09-27 15:32:28
According to the official statement made by the official statement released by the company, Ukrlandfarming has paid out USD 27.19 million of interest to 5-year Eurobond holders, as the coupon payment is due on September 26 and March 26 at the rate of 10.875% each year. The Eurobonds were issued in the format Reg S/144A and listed on the Irish Stock Exchange on 25 March, 2013. The Eurobond issue of USD 275 million plus tap issues of USD 150 million and USD 75 million at a coupon rate of 10.875% matures on March 28, 2018. Sberbank CIB, Citigroup Global Markets Limited and Deutsche Bank AG were issue organizers.
UkrAgroConsult comment: Holding making coupon payment on time is a great reliability indicator, which expands the extend of trust foreign investors can put in Ukrainian holding in general and Ukrlandfarming in particular. The payment starts credit history record for the holding, which will also also ensure availability of investments in the future.