Moldova’s Aragvi to sell up to $300 million five-year eurobonds

By Rebecca Melvin

New York, Feb. 21 – Aragvi Finance International DAC, a subsidiary of Aragvi Holding International Ltd., plans to price $250 million to $300 million of five-year eurobonds (expected ratings: B3/B-), according to market sources.

Societe Generale CIB is the bookrunner for the offering, which is guaranteed by Aragvi Holding and a group of operating subsidiaries.

The company will mainly use the proceeds to refinance most of its secured debt.

Aragvi is an exporter of agricultural commodities from Moldova.

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