MHP, the nation’s largest poultry producer, has placed a 10-year, $350 million at 6.25%,

Sunday, September 15, 2019
MHP, the nation’s largest poultry producer, has placed a 10-year, $350 million at 6.25%,

MHP, the nation’s largest poultry producer, has placed a 10-year, $350 million at 6.25%, reports Bloomberg. Coming as Fitch Ratings upgraded MHP’s issuer default rating to ‘B+’, from ‘B’ the bond has the lowest yield on record for MHP. Dragon Capital notes that the bonds will largely refinance MHP’s short term debt, writing: “We do not expect MHP’s net debt to increase following the new Eurobond sale.”

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