Large-scale Ukrainian agro-holding Mriya has begun a road show of its first Eurobond issue.

In November 2010, Mriya was going to place eurobonds for $300 million, but deferred the issue due to the unfavorable situation on the stock markets.

Fitch Ratings reported that a success of the planned bond issue by Mriya Agro Holding Public Limited (B-/Stable/BBB(ukr)) will allow the group to hold investments in various segments of its business in the promising agricultural sector of Ukraine.

However, to achieve growth purposes, the group will need large capital expenditures and investments in working capital.

Agroholding Mriya is the agricultural company whose shares are traded on the Frankfurt Stock Exchange. The company conducts agricultural activities on 220 thousand hectares in Ternopil, Khmelnytsky, Chernivtsi and Ivano-Frankivsk regions (west of Ukraine). It specializes in growing wheat, barley, rape, sugar beet, buckwheat, potatoes.

UKRINFORM