EuroChem has borrowed money to refinance debts
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EuroChem has completed two bond issues with a total value of 35 billion rubles ($ 480 million). Their maturity period is five years.
The first tranche was for 10 billion rubles at 8.25% per annum, and the second one – for 25 billion rubles at 8.05%.
About 50 investors took part in the transaction across both EuroChem bond tranches. EuroChem plans to use the proceeds from both bond issues to refinance short-term maturities.
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It is alarming to see these developments in California. As a vineyard grower, I have faced significant challenges this year, with fertilizer costs rising sharply while market conditions have made it difficult to sell the harvest.
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