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Daily Insight-Astarta taps EBRD loan facility; UAH state bonds sold by non-residents
The European Bank for Reconstruction and Development (EBRD) approved the allocation of a US$60m loan to sugar producer Astarta Holding NV (AST PW, NR, PLN77.90). The agreement between the parties was signed on 15 August. No details of the terms on which the loan is provided were announced. Astarta says it will use the proceeds to repay its maturing debt to the EBRD as well as to finance its development.