Agroholding "Industrial Milk Company" (IMC), a major producer of milk in Ukraine, is considering the possibility of issuing Eurobonds in 2011, as stated by the General Director Yevgeny Osipov. "We are currently working on development of issuing Eurobonds," –directly quoted from his words. At the same Mr. Osipov noted that the volume of the planned Eurobond issue has not been determined. At the same time, he said that the holding may involve the borrowing of up to three EBITDA-size loans.

Currently the total amount of IMC borrowing is about $ 20 million, thus EBITDA this year is expected to be $ 26 million "Consequently, we can potentially raise $ 60 million, it has not been decided how much is actually needed," stated Mr. Osipov. As reported with reference to the agricultural holdings report, the IMC in the first half of 2011 increased net profit by 74.4% - to $ 16.87 million, its revenue declined by 23.5% - to $ 10.98 million due to lower cash balances at the beginning of the year. Operating profit for the six months increased by 82.6% - to $ 17.71 million due to the increased value of biological assets.

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