PhosAgro to reacquire Eurobonds
PhosAgro has summed up the results of the early stage of the tender to reacquire a part of Eurobonds issued in 2017. This issue in the amount of $ 500 million and with a coupon rate of 3.95% per annum suggests paying back in 2021.
PhosAgro has resolved to reacquire Eurobonds with a total notional value of $ 150 million at $ 1,031 for every $ 1 thousands of nominal values of Eurobonds. Transaction settlements were scheduled for January 28 this year.
The deal will help PhosAgro to optimize its loan portfolio by replacing short debt positions with longer ones, improving the borrowing rate.
Enjoyed this story?
Every Monday, our subscribers get their hands on a digest of the most trending agriculture news. You can join them too!
Exciting times in Oryza! Our new platform is set to transform agriculture, bringing real change to farmers' lives. I am proud to be a part of Oryza's mission to transform agriculture with technology, empower farmers and drive sustainability. I strongly believe our focus on innovation and collaboration is key to the future of agriculture.
Discussion0 comments