By Reshmi Basu
New York, Nov. 22 - OJSC Myronivsky Hliboproduct (MHP) placed $250 million of five-year senior notes (B2//B) at par to yield 10¼%, according to a market source.
The deal came at the tight end of price talk, which was set at 10¼% to 10½%.
Morgan Stanley and ABN Amro led the Rule 144A and Regulation S deal.
The issuer is a Ukrainian poultry producer.
| Issuer: | OJSC Myronivsky Hliboproduct (MHP)
|
| Amount: | $250 million
|
| Issue: | Senior notes
|
| Maturity: | Nov. 30, 2011
|
| Coupon: | 10¼%
|
| Issue price: | Par
|
| Yield: | 10¼%
|
| Spread: | 568.6 basis points more than Treasuries
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 30
|
| Lead managers: | Morgan Stanley, ABN Amro
|
| Ratings: | Moody's: B2
|
| Fitch: B
|
| Price guidance: | 10¼% to 10½%
|
| Distribution: | Rule 144A and Regulation S
|
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