KYIV, UKRAINE — UKRLANDFARMING PLC, the leading agricultural producer in Ukraine, today announces the third coupon payment in the amount of USD 27.190 million on its 5-year Eurobonds. The coupon is payable semi-annually in arrears on 26 September and 26 March at a rate of 10.875% p.a.
UKRLANDFARMING PLC intends to fulfil all its financial obligations thanks to sustainable currency inflow from its export activities amid the challenging economic environment in Ukraine. The Group has successfully completed the summer harvesting campaign with the next crop harvesting under way and to be finished in October-November.
Background information
The Eurobond issue of USD 500 million at a coupon rate of 10.875% with a maturity of 28 March 2018 was admitted to trading on the Irish Stock Exchange on 25 March 2013.
The placement was organized by Sberbank CIB, Citigroup Global Markets Limited and Deutsche Bank AG.
For enquiries:
IR department
Tel: +38 044 393 40 93
Email: ir@ukrlandfarming.com.ua
FTI Consulting London
Larisa Millings
+44 (0)20 3727 1364
Information for editors
UKRLANDFARMING PLC (“ULF” or the “Group”) is a leading agricultural producer in Ukraine in crops and animal farming with great potential for further expansion in domestic and global markets. The Group leverages its land bank (654,000 ha) of fertile Ukrainian soil (chernozem) and advanced technologies to develop modern agricultural production and maximize its output.
According to the State Statistics Committee of Ukraine, in 2013 ULF produced around 5.4% of total grain output, as well as 3.8% of milk and 18% of beef products in Ukraine.
According to Pro-Consulting, in 2013 ULF through its subsidiary AvangardCo IPL held a 57% and a 91% share in industrial production of eggs and dry egg products respectively in Ukraine.