Trans-Oil Group Successfully Prices $100 Million Tap of 2029 Eurobond

Trans-Oil Group Successfully Prices $100 Million Tap of 2029 Eurobond

13.03.2025

Trans-Oil Group is pleased to announce the successful pricing of a $100 million tap of its existing 11.125% senior secured Eurobond due 2029. The transaction garnered significant investor demand, with the orderbook exceeding $300 million and strong participation from top-tier institutional investors.

As a result of the robust market reception, the tap was priced at 102.000, translating into a final YTW of 10.44%, well inside the original issue yield. This reflects investors' continued confidence in Trans-Oil Group’s credit profile, resilient business model, and strong financial performance.

Virtually all proceeds from the tap issuance will be used for debt refinancing, and the Group expects the transaction to be debt neutral.

Citigroup, ING, Oppenheimer, Raiffeisen Bank International, and UniCredit acted as Joint Lead Managers for the transaction.

“The exceptional demand from international investors for our tap issuance is a testament to Trans-Oil Group’s strong financial position, robust business model, and consistent operational performance. We deeply appreciate the trust of our long-standing investors and welcome new participants, all of whom will benefit from the enhanced liquidity of our now $650 million benchmark issue. With this transaction, we continue to optimize our capital structure and extend our debt maturity profile, reinforcing the sustainable growth and leadership of our regional agri-industrial franchise,” commented Vaja Jhashi, CEO and Founder of Trans-Oil Group.