Financial Times: Ukraine, the hunt for corporate credit
How does a little-known Ukrainian company with big ambitions raise money when the country is still strugging with the after-effects of the global financial crisis? By paying a chunky premium, that’s how. For Mriya, a farming group with 240,000 hectares in western Ukraine, a combination of rapid sales growth and chunky profit margins means that it is worth raising $-denominated loans even at 11.25 per cent. But the numbers highlight how hard companies in financially-vulnerable countries have to work to finance themselves. Read more.