Kernel Holding S.a.GPW: KER

Redeems USD 300 Million in Eurobonds

· Issued by Kernel Holding S.a.

Kernel has redeemed USD 300 million in Eurobonds with a 6.5% coupon rate. The buyback occurred on the scheduled date outlined in the Eurobond prospectus - October 17, 2024.

This was made possible thanks to currency liberalization by the National Bank of Ukraine, along with the diligent efforts of the Kernel team. Maintaining a high credit rating is crucial for the company, and despite all the challenges posed by the war, fulfilling obligations to creditors has remained a top priority.

"A strong credit history is a critically important asset for our company. We recognize that meeting all deadlines and obligations to our creditors is key to our financial stability. By working together as a team toward a common goal, we ensure transparency and reliability in all our financial operations, which strengthens trust on the international stage," said Sergiy Volkov, CFO of Kernel.