Philip Morris Ukraine attracts USD 100mn credit line from its parent.

By bne IntelliNews November 2, 2012
The Philip Morris Ukraine has received a USD 100mn credit line from Philip Morris Finance SA (Switzerland). The interest rate on the credit line equals LIBOR + 0.25% per annum. The agreement for the credit line is valid until December 31, 2020. The credit line was opened on October 11. Philip Morris Ukraine received the first tranche of USD 23mn on Oct 30. Philip Morris Ukraine ended 2011 with a net profit of UAH 1.121bn. There are 15 enterprises producing tobacco goods in the Ukrainian market.

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