Trans-Oil set to refresh debt arsenal with loan rollover after selling tightest bond

By Mariam Meskin
30 Apr 2021

Trans-Oil Group, a Moldovan agriculture company, is planning to roll over its one year pre-export finance (PXF) facility this summer, having recently sold its lowest coupon bond. The issuer has had, on occasion, far from a smooth ride in capital markets, including a failed attempt at a bond debut in 2018.

Trans-Oil, rated B-/B by S&P and Fitch, is planning to roll over its PXF of up to $180m. The loan is backed by both commercial lenders and development banks.

The lead manager on the trade is ING. Other participants include the Banque Cantonale Vaudoise, Black Sea Trade and Development ...

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