May 24, 2018 | Cbonds
International Finance Corporation (IFC) announced on May 23 that it is providing a USD 30 mln loan to Ukrainian farmer and sugar producer Astarta (AST PW). The loan will finance the company’s two-year investment program to modernize sugar plants and improve their energy efficiency, as well as purchase new farm machinery and construct new storage facilities. “The new project will further integrate farmers into the company’s domestic and global value chains,” IFC commented.
Alexander Paraschiy: Being one of the least leveraged agricultural companies, Astarta continues to count on cheap debt financing from Western financial institutions as part of its strategy, which now is focused on boosting internal efficiency. That will create the grounds for mid-term value growth of Astarta, despite an expected decline in P&L indicators this year, driven by unfavorable commodity trends in late 2017 and early 2018.
|Full company name||Ukraine|
|Country of risk||Ukraine|