Commentary & Deal Flow

Aragvi Finance International DAC (Trans-Oil Group) (ARAGVI) US$ TBD 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.

Did investor calls 03/10. Books are open. Pricing 03/11. 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