Follow Cbonds

Contact us (+ 7 (921) 446-25-10)
Texting is available for authorized users.
Please register or log in at the website.
Your request for online training has been sent. Cbonds managers will be in touch with you shortly. Thank you!

Concorde Capital Research: IFC lends USD 30 mln to Astarta for modernization

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.

Company: Ukraine

Full company nameUkraine
Country of riskUkraine


Similar news:
Cbonds is a global fixed income data platform
  • Cbonds is a global data platform on bond market
  • Coverage: more than 170 countries and 250,000 domestic and international bonds
  • Various ways to get data: descriptive data and bond prices - website, xls add-in, mobile app
  • Analytical functionality: bond market screener, Watchlist, market maps and other tools