DANISH IDAYANG PLOTS EUROBOND FINANCED PIGMEAT EXPANSION IN RUSSIA
February 1st, 2018
DANISH Idavang A/S, a European meat producer, has announced plans to build a new pigmeat processing complex in Russia’s St Petersburg region this year (2018), according to the company.
To generate funds for the project, the company has issued EUR85 million’s worth of Eurobonds.
Tatyana Sharygina, the general director of Idavang-Agro LLC, a Russian subsidiary of the company, said in a note to GlobalMeatNews that the company had resorted to a Eurobond issue because Russian farm and livestock companies were finding it tough to secure direct financing. The ...
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