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IFC Approves USD 30 mln Loan for Khlibprom

IFC Approves USD 30 mln Loan for Khlibprom

23 May 2008

Khlibprom (HLPR), one of Ukraine’s largest bread producers, signed an agreement with the International Finance Corporation (IFC) for a nine-year USD 20 mln senior loan and a ten-year USD 10 mln convertible loan. Khlibprom plans to use the financing to increase production, build a new flour mill, modernize bakeries, upgrade its retail chain and refinance short-term debt.

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