Mriya fails to make debt payments as Ukraine crisis stifles financing
Ukrainian Agricultural company Mriya has not made interest and amortisation payments on certain of its debt obligations and is warning bondholders of its $250m 10.95% 2016s and $400m 9.45% 2018s that its balance sheet may need to be restructured. Other Ukrainian companies may find themselves running into similar difficulties as the crisis in their country escalates.
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