Aragvi Finance International DAC (Trans-Oil Group) (ARAGVI) US$100m Reg S only, Cat 1 tap of its 11.125% sr sec gtd notes due 11/20/29 (4.75y). NC1.75 (11/20/26) (MWC T+50bp), then at 105.563, 102.781, 100. Equity claw: 1.75y 40% at 111.125. NR/B/B+ (stable/stable). Via Citi (B&D)/ING/Oppco jt glocos/RBI/UniCredit jt books.List Vienna. English law. Settles 03/20 (T+7). Immediately fungible with the original US$550m notes (XS2932787687. IPT: 101.50 area. Terms set: $100m at 102.00.
Price: 11.125% tap at 102.00, 10.444% YTW.
Did investor calls 03/10. Books subject at 12:45pm UKT / 8:45am NYT 03/11. Pricing 03/11. Books over $300m (excluding JLM interest). UOP: capex projects (no more than US$10m) and refinance certain current trade financing facilities. Biz: a leading agro-industrial holding in Central and Eastern Europe, operating in Moldova, Romania and Serbia.
An investor presentation and Preliminary Offering Memorandum are available on https://www.netroadshow.com/nrs/home/#!/?show=e3269aba-----------------------
Trans-Oil Group (the "Group"), a
leading agro-industrial holding in Central and Eastern Europe,
operating in Moldova, Romania and Serbia, has mandated Citi, ING and
Oppenheimer as Joint Global Coordinators and Joint Bookrunners and
Raiffeisen Bank International and UniCredit as Joint Bookrunners to
arrange a series of fixed income investor calls on the 10th of March. A
Reg S-only US$-denominated tap of their existing 11.125% senior secured
guaranteed notes due 11/20/29 (issued by Aragvi Finance International DAC)
(ARAGVI) to be rated B by S&P and B+ by Fitch will follow, subject
to market conditions. An investor presentation and Preliminary Offering
Memorandum are available on https://www.netroadshow.com/nrs/home/#!/?show=e3269aba