Astarta agroindustrial holding, the largest sugar producer in Ukraine, denies plans to issue eurobonds this year.

"This information is not true. The company is not mulling the option of using this long-term financing tool," the press service of Astarta told Interfax-Ukraine.

Earlier Debtwire publication reported that Astarta agro-industrial holding plans to place its debut eurobond issue this year.

The term of placement of securities, as well as their volume was not specified.

According to Debtwire, the chairman of the board of Ukrgasbank (Kyiv) also announced the plan to place eurobonds in 2018 to finance renewable energy projects.

Astarta is a vertically integrated agro-industrial holding operating in Poltava, Vinnytsia, Khmelnytsky, Ternopil, Zhytomyr, Chernihiv, Cherkasy, and Kharkiv regions. It consists of eight sugar factories, agricultural enterprises with a land bank of about 250,000 hectares and dairy farms.