By Christine Van Dusen
Atlanta, Jan. 25 – Ukraine’s Kernel Holding SA priced $500 million 8¾% five-year notes (expected ratings: /B/B+) at 99.504 on Tuesday, according to a company announcement.
JPMorgan and ING were the bookrunners for the Rule 144A and Regulation S deal.
Other details were not immediately available on Wednesday.
Kernel is an agribusiness company based in Kiev.
| Issuer: | Kernel Holding SA
|
| Amount: | $500 million
|
| Maturity: | Jan. 31, 2022
|
| Description: | Senior notes
|
| Bookrunners: | JPMorgan, ING
|
| Coupon: | 8¾%
|
| Price: | 99.504
|
| Trade date: | Jan. 24
|
| Settlement date: | Jan. 31
|
| Expected ratings: | S&P: B
|
| Fitch: B+
|
| Distribution: | Rule 144A and Regulation S
|
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