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Posted On

15
March
2023

Companies of Kernel's managers buy holding's eurobonds for another $3.6 mln at increased price

KYIV. March 15 (Interfax-Ukraine) – On March 13 and March 14, companies associated with the managers of the Kernel agro-industrial group purchased eurobonds of the holding with a total par value of $3.55 million at a price in the range of 53.5-58.5% of the face value, the holding said in a statement on Warsaw Stock Exchange (WSE).

According to it, one deal was concluded with eurobonds maturing in 2024 and a coupon of 6.5% per annum with a par value of $1 million at a price of 58.5% of the face value and two deals with eurobonds with maturity in 2027 and a coupon of 6.75% per annum in total face value of $2.55 million at a price of 53.5% of the face value.

According to the report, the transactions were carried out at the Bloomberg Trading Facility BV site.

A week earlier, on March 6, the companies announced the repurchase of eurobonds 2024 with a total face value of $4 million at a price of 44-47% of the face value.

Early January 2023, the companies associated with the holding’s managers purchased Kernel’s eurobonds with a total face value of $4.76 million at a price of 45-46% of the face value.

In the middle of November 2022, they purchased eurobonds of the holding with a total nominal value of $29.43 million at a price of 45-48% of the face value, in early December for $12.4 million at a price of 45-46% of the face value, and at the end of December for $4.6 million at a price of 45-46% of the face value.